50 GK Questions on Union Budget & Economic Survey | Latest study 2019
Shakeel Anwar
Budget is absolutely absolutely absolutely nothing but a declaration of earnings and spending. In accordance with Article 112 of this Constitution, “the Union Government lays a statement of the calculated receipts and spending for that from April 1 to March 31, before both the Houses of Parliament” year.
The word spending plan hails from the old French term “Bougette” this means bag. It’s a quantified plan that is financial current, previous and future income and spending regarding the Central Government.
50 GK Questions on Union Budget & Economic Survey
1. Which associated with statement that is following correct about Budget?
We. It really is a declaration of budget for a period that is future aiming proposed expenditure and way of funding it.
II. Article 111 associated with Constitution calls for the federal government presenting to Parliament a declaration of predicted receipts and spending according of any year that is financial.
Choose correct one:
D. Neither I nor II
Ans: A
2. Which regarding the following is related towards the procedure Green’ objective?
A. Manufacturing of tomato, onion and potatoes
B. Creation of tomato, chili and potatoes
C. Creation of pulses, onion and potatoes
D. Manufacturing of tomato, pulses and rice
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