wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Identify the features pertaining to annual budget.

A
Statement of expected income of the government
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Statement of expected expenses of the government
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Starts on 1 April and ends on 31 March
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Starts on 1 January and ends on 31 December
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Starts on 1 April and ends on 31 March
An annual budget is a financial statement showing the expected income and expenditure of the government. This is a statement for a financial year that starts on 1 April and ends on 31 March of the next year. Taxes are imposed based on the fixed annual budget.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Summary
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon