ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Income
|
|
|
Expenditure
|
|
|
Savings
|
|
|
None of the above
|
Detailed explanation-1: -Definition: Expenditure Budget shows the revenue and capital disbursements of various ministries/departments and presents the estimates in respect of each under ‘Plan’ and ‘Non-Plan’. Description: It gives a detailed analysis of various types of expenditure and broad reasons for the variations in estimates.
Detailed explanation-2: -It includes fixed cost, variable cost, capital costs, and non-operating expenses.
Detailed explanation-3: -The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.
Detailed explanation-4: -A spending plan is a method for distributing your income among the mix of things you want and need. Creating a spending plan ahead of time will allow you to effectively manage your finances and determine where to best spend your money.