| Column I | Column II | ||
| A. | Revenue Budget | (i) | It is an account of assets and liabilities of the government |
| B. | Capital Budget | (ii) | It shows the current receipts and expenditure of the government |
| C. | Deficit Budget | (iii) | It is a budget in which expenditure exceeds the revenues of the government |
| D. | Balanced Budget | (iv) | It is a budget in which capital receipts are equal to capital expenditure |
A) A - (i)
B) B - (ii)
C) C - (iii)
D) D - (iv)
Correct Answer: C
Solution :
C - (iii)
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