ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the three main parts of a budget?
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Credit, debt, savings
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Income, expenditures, savings
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Expenditures, loans, credit
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Credit, savings, income
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Explanation:
Detailed explanation-1: -Depending on the feasibility of these estimates, budgets have been categorised into three types. ThinkStock Photos Depending on the feasibility of these estimates, budgets are of three types–balanced budget, surplus budget and deficit budget.
Detailed explanation-2: -The federal budget comprises three primary components: revenues, discretionary spending, and direct spending.
Detailed explanation-3: -The budget is divided into two parts-Budget Receipts, which constitute Revenue Receipts and Capital Receipts, and Budget Expenditure, which includes the Revenue Expenditure and Capital Expenditure.
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