Question 9
MediumOriginal questionRead the two statements and choose the correct option.
I. The financial year in India runs from 1 January to 31 December.
II. Reducing inequality of income is one of the objectives of the budget.
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
India's financial year runs from 1 April to 31 March. I is false.
Redistribution through taxes and transfers is a budget objective. II is true.
- Concept
- Budget facts
- Typical timeTypical
- 70 s
- Your timeYours
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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.