Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Match the following:

Options:

i-b, ii-a, iii-d, iv-c

i-b, ii-a, iii-c, iv-d

i-b, ii-c, iii-a, iv-d

i-b, ii-d, iii-a, iv-c

Correct Answer:

i-b, ii-a, iii-d, iv-c

Explanation:

(i-b) Fiscal year is from 1 April to 31 March.
(ii-a) Budget receipts and budget expenditures are the components of the budget.
(iii-d) Calendar year starts from 1 January and ends on 31 December.
(iv-c) Budget receipts are of two types – capital receipts and revenue receipts.