EDUCATION UGC NET
SCHOOL AND CLASSROOM MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income and expenditure
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Income and investment
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Investment
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All of the above
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Detailed explanation-1: -Budgeting is an estimate of income and expenditure for a set period of time. When you set up a budget, its like an invaluable tool to help you prioritize your spending and manage your money.
Detailed explanation-2: -A budget is an estimation of the revenue and expenses over a specified future period of time and is compiled and re-evaluated on a periodic basis.
Detailed explanation-3: -A budget estimate is a forecast of the capital needed for the project activities or a program. A budget is the maximum amount of money an organization or an individual is willing to spend on a project. It is a more detailed and specific financial plan for the project.
Detailed explanation-4: -Statement I: A budget is the financial statement showing the expected income and expenditure of the government during a financial year.
Detailed explanation-5: -A balanced budget (particularly that of a family) refers to a budget in which income is equal to its expenditures. Thus, neither a budget deficit nor a budget surplus exists (it accounts “balance").