Match the following:
Answer & explanation
Correct answer: option 1
The correct answer is option 1: i-b, ii-a, iii-d, iv-c
(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.