InterviewSolution
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InterviewSolution
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What do you understand by budget explain its main components |
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Answer» Answer: The BUDGET is divided into two parts:The budget is divided into two parts:The revenue RECEIPTS include both tax revenue (LIKE income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of ASSETS, investment). |
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