Comprehension
Read the case study given below and answer the question :
The Budget document relates to the receipts and expenditure of the government for a particular financial year, the impact of it will be there in subsequent years. There is a need therefore to have two accounts, those that relate to the current financial year only one included in the revenue account (also called revenue budget) and those that concern the assets and liabilities of the government into the capital account (also called capital budget).
The Budget document relates to the receipts and expenditure of the government for a particular financial year, the impact of it will be there in subsequent years. There is a need therefore to have two accounts, those that relate to the current financial year only one included in the revenue account (also called revenue budget) and those that concern the assets and liabilities of the government into the capital account (also called capital budget).
Question: 1
From the following statements identify the item which is not included in Capital Budget ?
From the following statements identify the item which is not included in Capital Budget ?
Updated On: Mar 27, 2025
- Payment of Salaries to the Staff of Government School
- Purchase of Cranes by Government
- Construction of Government Schools
- Repayment of Loan to IMF
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) :Payment of Salaries to the Staff of Government School.
Was this answer helpful?
0
0
Question: 2
At present, what will be the 'Current Financial Year' as discussed in the above case ?
At present, what will be the 'Current Financial Year' as discussed in the above case ?
Updated On: Mar 27, 2025
- 1st Jan. 2023 to 31st December 2023
- 1st Jan. 2022 to 31st December 2022
- 1st April 2022 to 31st March 2023
- 1st April 2023 to 31st March 2024
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D) :1st April 2023 to 31st March 2024.
Was this answer helpful?
0
0
Question: 3
Identify which is not the objective of the governmet budget ?
Identify which is not the objective of the governmet budget ?
Updated On: Mar 27, 2025
- Allocation
- Sterilisation
- Redistribution
- Stabilisation
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B) :Sterilisation.
Was this answer helpful?
0
0
Question: 4
Identify the incorrect statement :
Identify the incorrect statement :
Updated On: Mar 27, 2025
- Government budget refers to the actual receipts and payments of the government
- Government budget has two components : Revenue Budget and Capital Budget
- Capital budget records transaction relating to change in assets and liabilities of the government
- Revenue budget has two components : Revenue Receipt and Revenue Expenditure
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A) :Government budget refers to the actual receipts and payments of the government.
Was this answer helpful?
0
0
Question: 5
Budget deficit is best depicted by :
Budget deficit is best depicted by :
Updated On: May 21, 2024
- Revenue Expenditure > Revenue receipt
- Capital Expenditure > Capital receipt
- Total Expenditure > Total receipt
- Revenue Expenditure > Total receipt
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C) :Total Expenditure > Total receipt.
Was this answer helpful?
0
0
Top Questions on Reading Comprehension
Read the sentence and infer the writer's tone: "The politician's speech was filled with lofty promises and little substance, a performance repeated every election season."
- CUET (UG) - 2025
- English
- Reading Comprehension
- Read the sentence and answer the question: ``Not only did he forget my birthday, but he also ignored my calls the next day." Which of the following best describes the tone?
- CUET (UG) - 2025
- English
- Reading Comprehension
- Read the passage and answer the The Reserve Bank of India was established in the year 1935. The Central office of RBI is in Mumbai. The main function of the Reserve Bank of India is to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India. It generally operates the currency and credit system of the country to its advantage. In this passage, ‘Bank Notes’ refers to
- KMAT KERALA - 2025
- English
- Reading Comprehension
- Read the passage and answer the Animals are the most adorable and loving creatures existing on Earth. They may not be able to speak but they can understand. Domestic animals mostly move with humans. Wild animals generally live in forests. Animals play a vital role in maintaining nature’s balance. This passage primarily focused on the importance of
- KMAT KERALA - 2025
- English
- Reading Comprehension
- Read the passage and answer the A psychotropic drug is a chemical substance that changes the function of the nervous system. If the charges under the Narcotics Drugs and Psychotropic substances Act are proved, the accused will get a deterrent punishment. Police will take in drug addicts and admit them in centres for rehabilitation. This passage primarily focused on
- KMAT KERALA - 2025
- English
- Reading Comprehension
View More Questions
Questions Asked in CUET exam
- If 1st March 2023 was a Wednesday, what day of the week was 1st March 2024?
- CUET (UG) - 2025
- Clock and Calendar
- Which region was known as the ‘nursery of the Bengal Army’ as many sepoys were recruited from there?
- CUET (UG) - 2025
- British Empire
- A shopkeeper increases the price of an article by 25% and then offers a discount of 20%. What is the net percentage change in the price?
- CUET (UG) - 2025
- Percentage
- In a certain code, WATER is written as YCVGT. How is HOUSE written?
- CUET (UG) - 2025
- Coding Decoding
- A person walks 10 m North, then turns right and walks 5 m, then turns right again and walks 10 m. What direction is he facing now?
- CUET (UG) - 2025
- Direction sense
View More Questions