| 1. Capital budget |
| 2. Revenue budget |
A) 1 only
B) 1 and 2
C) 2 only
D) Neither 1 nor 2
Correct Answer: A
Solution :
There are two types of budgets i.e., Re venue budget and Capital budget. Revenue budget contains all current receipts, such as taxation, (central excise, custom duty, corporation tax) dividends of public sector units (PSU?s) and expenditure of the government. Capital budget consists of all capital receipts and expenditure such as domestic and foreign loans, loan repayment, foreign and etc.
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