Question

The types of budget of the government are ______________.

• A. Union budget
• B. Plan budget
• C. Revenue budget
• D. Both A and B

Answer 1

The correct option is D Both A and B

The type of budget of the government are:

Union budget - The government budget which is prepared for a given financial year for the whole country is known as union budget.

Plan Budget - The government budget which is prepared for a upcoming financial year with estimated receipts and expenditure is known as plan budget.