Multiple choice

A government budget is defined as

  1. a description of the fiscal policies of the government and the financial plans

  2. a financial plan describing estimated receipts and proposed expenditures, and their disbursement under various heads

  3. Neither (1) nor (2)

  4. Both (1) and (2)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A government budget is a description of the fiscal policies of the government and the financial plans, and a financial plan describing estimated receipts and proposed expenditures, and their disbursement under various heads.

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