SarkariPYQ

SSC GD 2019 PYQ — Question 33

SSC GD Constable (English) - 19th Feb 2019 Shift 1 • General Awareness • Q33

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What is an annual statement of receipts and expenditure of the government overa fiscal year is known as?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Budget

  • A budget is the sum of finances allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them.
  • The budget is prepared by the Budget Division Department of Economic Affairs of Finance Ministry annually. 
  • The Union Budget of India is given under Article 112 of the Constitution of India.