Political Science · Public Finance and Budgeting Principles
Match List I with List II regarding the classic principles of budgeting and choose the correct option: List I (Principles of Budget) (A) Rule of Lapse (B) Accuracy (C) Annuality (D) Clarity & Transparency List II (Features) (I) Variations between budgetary estimate and actuals to be minimum and precise (II) Budget should be open & easy to understand (III) Unspent money cannot be carried forward to the next fiscal year (IV) Budget preparation specifically for a single financial year
- 1(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
- 2(A)-(II), (B)-(I), (C)-(IV), (D)-(III)
- 3(A)-(III), (B)-(I), (C)-(IV), (D)-(II)✓
- 4(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
Correct answer
(A)-(III), (B)-(I), (C)-(IV), (D)-(II)
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