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Question
Statement 1: Government Budget is a detailed economic statement presented by Finance Minister.
Statement 2: Government Budget consists of financial programmes and policies of the government for the next year.
Options
Both the Statement are true.
Both the Statement are false.
Statement 1 is true and statement 2 is false.
Statement 2 is true and statement 1 is false.
MCQ
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Solution
Statement 2 is true and statement 1 is false.
Explanation:
A Government Budget is a financial statement, not an economic one. It shows the government’s estimated receipts and expenditures for a financial year. It also includes the financial programmes and policies for the next year. Hence, Statement 1 is false and Statement 2 is true.
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