Indian Polity · Polity
Consider the following statements regarding the Indian budgetary framework and the classification of budgets: A. The financial year in India, as per the prevailing constitutional and legal framework, follows a specific cycle that officially commences on 1 April and concludes on 31 March of the following year. B. A 'Performance Budget' is a multi-dimensional document that links financial inputs to measurable physical outcomes, evaluating government programmes based on their efficiency and effectiveness rather than mere financial compliance. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and B✓
- 2Neither A nor B
- 3B only
- 4A only
Correct answer
Both A and B
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