Question

Match List I with List II:

List I	List II
A. Actual Estimates	I. Estimates of the coming financial year.
B. Financial Estimates financial year.	II. Estimates of revenue and expenditure of the current financial year.
C. Budget Estimates financial year.	III. Estimates of expenditure and receipts of the preceding financial year.
D. Revised Estimates economic events.	IV. Estimates made before the actual occurrence of economic events.

• A. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• B. (A) - (III), (B) - (II), (C) - (I), (D) - (IV)
• C. (A) - (IV), (B) - (II), (C) - (I), (D) - (III)
• D. (A)- (III), (B)- (IV), (C)- (I), (D)- (II)

Hint:

Understanding fiscal terminologies aids in efficient budget preparation and finan cial planning

Answer 1

The Correct Option is B

- Actual estimates refer to estimates of expenditure and receipts of the preceding financial year.
- Financial estimates pertain to revenue and expenditure of the current financial year.
- Budget estimates relate to the upcoming financial year
.- Revised estimates expenditure and