Public Expenditure MCQ Questions and Answers Quiz

41. Which of the following is not true of public budget?

  1. A budget contains only proposals of taxation
  2. It refers to the policies of the government
  3. It contains the estimated receipts and proposed expenditure
  4. It reflects the programmes of the government

42. Which of the following is the most comprehensive measure of budgetary imbalances?

  1. Fiscal Deficit
  2. Revenue Deficit
  3. Primary Deficit
  4. All of the above
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