Which of the following is another name for the revenue account of the government budget?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Revenue budget.
The Revenue Budget consists of the government's revenue receipts (taxes/non-taxes) and revenue expenditure (routine expenses), which do not create assets or reduce liabilities for the government.
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Finance budget: A broad term referring to the overall financial plan or the annual Budget presented by the Finance Minister.
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Expenditure budget: A specific document that outlines the estimated total spending of various ministries and departments.
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Capital budget: Focuses on transactions that create assets (like roads) or reduce liabilities (like debt repayment).