What are the specific needs to be considered while making a budget?
Show Hint
Solution and Explanation
A budget should account for your total income, essential expenses (housing, utilities), savings goals, and optional discretionary spending.
Step 2: Debt management.
Debt repayment is essential to prevent accumulating interest and financial stress.
Step 3: Conclusion.
These factors ensure a balanced and effective budget, promoting financial health.
Top Questions on Budget
As per Union Budget 2024-25, arrange the following sources of revenue in ascending order in terms of their contribution to the overall revenue of the central government for 2023-24:
(A) GST and other related taxes
(B) Income Tax
(C) Union Excise Duties
(D) Corporate Tax
Choose the correct answer from the options given below:
Arrange the following sectors in descending order as per the union government capital expenditure amount for FY2023-24:
(A) Defence Services
(B) Railways
(C) Road Transport and Highways
(D) Telecommunications
Choose the correct answer from the options given below:
- Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Deficit} & \textbf{Level as \% of GDP for FY2021} \\ \hline \text{(A) Revenue Deficit} & \text{(I) 1.2} \\ \hline \text{(B) Fiscal Deficit} & \text{(II) 5.7} \\ \hline \text{(C) Primary Deficit} & \text{(III) 9.2} \\ \hline \text{(D) Current Account Deficit} & \text{(IV) 7.3} \\ \hline \end{array}\] Choose the correct answer from the options given below:
- Article 112 of the Indian Constitution deals with:
- Which of the following was announced in the Union Budget 2023-24 to enhance the skills of lakhs of youth in the next 3 years?
Questions Asked in UP Board X exam
- The altitude of a right-angled triangle is 7 cm less than its base. If the hypotenuse is 13 cm, find the other two sides.
- UP Board X - 2025
- Right-Angled Triangles And Pythagoras Property
- If the sum of first 7 terms of an A.P. is 49 and the sum of first 17 terms is 289, find the sum of first $n$ terms.
- UP Board X - 2025
- Sum of First n Terms of an AP
Find the unknown frequency if 24 is the median of the following frequency distribution:
\[\begin{array}{|c|c|c|c|c|c|} \hline \text{Class-interval} & 0-10 & 10-20 & 20-30 & 30-40 & 40-50 \\ \hline \text{Frequency} & 5 & 25 & 25 & \text{$p$} & 7 \\ \hline \end{array}\]- UP Board X - 2025
- Median of Grouped Data
- If the roots of the equation $x^2+2(m-1)x+(m+5)=0$ are real and equal, find the value of $m$.
- UP Board X - 2025
- Quadratic Equations
Two concentric circles are of radii $8\ \text{cm}$ and $5\ \text{cm}$. Find the length of the chord of the larger circle which touches (is tangent to) the smaller circle.
- UP Board X - 2025
- Circles, Chords and Tangents