Budget and Its Types · UPSC CDS/OTA · Question 6 of 30

Budget and Its Types – Question 6

Step-by-step solution. Budget and Its Types for UPSC CDS/OTA.

Topic
Budget and Its Types
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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Q · Budget and Its TypesMedium · 45s

Which of the following statements correctly reflects India’s system of budgeting?

TopicBudget and Its Types
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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India uses a cash-based budgeting system, where only actual receipts and payments during the financial year are recorded. It does not account for accrued liabilities or future commitments.

Final Answer: Option B — India follows a cash-based budgeting system.
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Budget and Its Types Question 6 – UPSC CDS/OTA