MCQ- Process of Budgeting

Process of Budgeting

1. A grant made in advance by the Parliament, in respect of the estimated expenditure for a part of new financial year, pending the completion of the procedure relating to the voting of the demand for grants and the passing of the Appropriation Act is called
1. Advance from the contingency fund
2. Advance for meeting immediate expenditure
3. Vote on account
4. Charged account
2. Which of the following statement is NOT true about Demands for Grants?
1. Demands for grants contain only estimates relating to the contingency fund of India
2. Demands for grants contain only estimates relating to the capital expenditure
3. Demands for grants contain only estimates relating to the expenditure for which vote of the lok sabha is required
4. All of the above
3. Which of the following statement is NOT TRUE about the finance bill?
1. Finance Bill is a money bill which is presented in the Lower House of the Parliament.
2. Finance bill is a secret bill copies of which are not made available in advance of its introduction in the legislature.
3. Introduction of the Finance bill can be opposed only on the grounds of bringing out economy in the state
4. The introduction of the finance bill cannot be opposed at all
4. Gender budgeting essentially means:
1. Allocation of more money for the women
2. Re-prioritizing the policies and programmes in a way that would tackle gender imbalances, promote gender equality and development
3. Giving tax concessions to women and educational concessions to girls
4. Empowering the women for facing the atrocities inflicted on them by men
5. Which of the following statement is TRUE about gender budgeting?
1. Gender budgets refers to making separate budgets for both men and women
2. Gender budget refers to making budget allocations 50 per cent for men and 50 per cent for women
3. Gender budgeting refers to the process of conceiving, planning, approving, executing, monitoring, analysis and auditing budgets in a gender sensitive way
4. Gender budgeting is done only in the government sector
6. On the last day of the days allotted for discussion on the Demands for Grants, at the time fixed in advance, the Speaker puts all the outstanding Demands for Grants to the vote of the House. This device for bringing the debate on financial proposals to an end within a specified time is called:
1. Cut motion
2. End motion
3. Guillotine
4. Token motion
7. A document prepared and presented annually to the Parliament, reflecting the purposes and objectives for which funds were provisioned,the cost of various programmes and activities proposed for achieving these objectives and quantitative projection of the work performed and services rendered under each programme and activity is generally called as:
1. Annual Financial Statement
2. Appropriation Account
3. Outcome Budget
4. Income Budget
8. Rule of lapse in budget means:
1. All appropriations granted by the Parliament expire at the end of financial year
2. The estimation in the budget was incorrect and there was a lapse on the part of the estimating officer
3. The budget estimates cannot be prepared accurately as there is a lapse of time between estimates send by the departments and actual expenditure. Budgets should take this lapse of time into account
4. All of the above
9. A measure of the physical quantities of the goods or services produced through an activity under a scheme or programme is referred to as:
1. Outcome
2. Output
3. Outlay
4. Outset
10. The budget is prepared on
1. Cash basis
2. Accrual basis
3. Double Entry system format
4. Balance Sheet format
11. In which year, budgeting for gender equity was adopted as a mission by the ministry of women and child development, government of India?
1. 2000-01
2. 2010-11
3. 2004-05
4. 2011-12
12. Which of the following statement is TRUE about the public accounts of India referred to in Article 266(2) of the Constitution?
1. The receipts and disbursements such as deposits, reserve funds, remittances etc which do not form part of the Consolidated Fund of India are included in the Public Account of India.
2. Disbursements from the Public Account are not subject to vote by the Parliament, as they are not moneys issued out of the Consolidated Fund of India
3. The Annual Financial Statement also exhibits the estimated receipts and expenditure under the Public Accounts and net transactions under the Contingency Fund
4. All of the above
13. The General Discussions on Budget is held in parliament:
1. After the presentation of the economic survey and before the presentation of the budget
2. Before the presentation of the economic survey
3. Before the presentation of the budget on any day the speaker may decide in consultation with the ministry of parliamentary affairs
4. Subsequent to the day of presentation of the Budget and for such period of time as the Speaker may decide
14. Preparation of budget separating the two flows of the revenue and expenditure without allowing them to be netted out is referred to as:
1. Budget on gross basis
2. Budget on actual basis
3. Budget on net basis
4. Budget on consolidated basis
15. The estimates of expenditure from the Consolidated Fund included in the Budget Statements and required to be voted by the Lok Sabha are submitted in the form of:
1. Appropriation
2. Demands for Grants
3. Demands for finances
4. Appropriation of Grants
16. Expenditure arising out of a new policy decision, not brought to the notice of Parliament earlier, including a new activity or a new form of investment is generally termed as:
1. A New instrument of service
2. A new service
3. A proposal
4. A demand for grant
17. In the context of gender budgeting, the distinguishing biological make up of men and women, boys and girls, the physical attributes with which human being are born is referred to as:
1. Gender
2. Sex
3. Physique
4. Body
18. Which of the following is NOT a type of cut motion normally available for a member of the legislature during the discussion of budget?
1. Disapproval of Policy Cut
2. Economy Cut
3. Token cut
4. Voted Cut
19. An approach to planning that treats women, men, boys and girls as if they were part of one homogenous group is referred to as:
1. Gender neutral planning
2. Gender equitable planning
3. Gender blind planning
4. Gender biased planning
20. The form and content of the budget is specified by the which of the following?
1. Comptroller and Auditor General of India
2. Controller General of Accounts
3. Ministry of Finance
4. Public Accounts Committee of Parliament
21. Gender budgeting involve which of the following?
1. An analysis of the situation for both men and women and girls and boys in a given sector
2. An assessment of the extent to which the sector's policy addresses the gender issues
3. An assessment of the adequacy of budget allocations to implement the gender sensitive policies and programmes
4. All of the above
22. The Demands for Grants of individual Ministries/Departments are taken up in the Lok Sabha for discussion and voted upon.When a Demand is taken up for discussion, any Member may seek reduction in the amount of the Demand. This is done by moving
1. Cut Motions
2. Guillotine
3. Appropriation bill
4. Presenting an alternate demand for grant
23. Which of the following is NOT a cut motion?
1. Disapproval of policy cut
2. Economy Cut
3. Guillotine Cut
4. Token Cut
24. Under Article 112 of the Indian Constitution, the President shall in respect of every financial year cause to be laid before both the Houses of Parliament, the House of People (Lok Sabha) and the Council of States (Rajya Sabha), a statement of the estimated receipts and expenditure of the Government for that year. This statement is called:
1. Annual Accounts
2. Balance Sheet
3. Annual Financial Statement
4. Budgetary Control
25. Which of the following committees appointed by the Government of India recommended commencement of financial year from January every year?
1. Rangarajan Committee
2. Bimal Jalan Committee
3. L.K Jha Committee
4. Kelkar Committee
26. Which of the following best describes the term 'Estimate Committee'?
1. to suggest alternative policies in order to bring about efficiency and economy in administration
2. to examine whether the money is well laid out within the limits of the policy implied in the estimates and
3. to suggest the form in which the estimates shall be presented to Parliament
1. Estimates committee is a committee appointed by head of each department for supervising the preparation of budgetary estimates.
2. Estimates committee is a committee headed by the Finance Minister which estimates the receipts and expenditure for the year which will be used for the preparation of the annual budget
3. Estimates committee is a committee appointed by the Finance Commission to determine the plan expenditure
4. Estimates committee is a parliamentary committee consisting of members of parliament elected every year by the lokh sabha and whose chairman is appointed by the Speaker.
27. Which one of the following is a document that gives a detailed analysis of the economic situation of the country and is presented to Parliament a few days before presentation of the Annual Budget for the ensuing year. It includes a Statement about the position of budgetary transactions of the Central and State Governments, and their overall surplus/deficit positions in the current year and the past trends
1. Demand for Grants
2. Appropriation Accounts
3. Annual Financial Statement
4. Economic Survey