Budgeting

5 Questions
  1. 1
    Consider the following statements :
    1. Capital receipts create a liability or cause a reduction in the assets of the Government.
    2. Borrowings and disinvestment are capital receipts.
    3. Interest received on loans creates a liability of the Government.
    Which of the statements given above are correct?
    UPSC CSE I - 2025
  2. 2
    With reference to the Union Government, consider the following statements :
    1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the Parliament.
    2. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.
    3. All the disbursements made from Public Account also need the authorization from the Parliament of India.
    Which of the statements given above is/are correct?
    UPSC CSE I - 2015
  3. 3
    All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
    UPSC CSE I - 2011
  4. 4
    What is the difference between "vote-on-account" and "interim budget"?
    1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government.
    2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts.
    Which of the statements given above is/are correct?
    UPSC CSE I - 2011
  5. 5

    Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?

    UPSC CSE I - 2010