Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:
What do you understand by "Budget"?
Options:
A document of the economic policy of the government
A description of income-expenditure of government
A description of non-programs of the government
All of these
Correct Answer:
All of these
Explanation:
A budget can be defined in multiple ways. A budget can be defined as a document of the economic policy of the government as it talks about government expenditure and receipts. A budget is also a description of non-programs of the government.