📘 Budget and Appropriation – 100 MCQs

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1–25: Core Concepts (Advanced)

1. Budget is:
   A. Actual expenditure
   B. Estimated income & expenditure
   C. Ledger
   D. Audit
   Answer: B
2. Railway budget is part of:
   A. State budget
   B. General budget
   C. Private budget
   D. None
   Answer: B
3. Budget is prepared for:
   A. Control
   B. Planning
   C. Monitoring
   D. All
   Answer: D
4. Appropriation means:
   A. Allocation of funds
   B. Payment
   C. Audit
   D. Recording
   Answer: A
5. Grant refers to:
   A. Loan
   B. Budget allocation
   C. Revenue
   D. Audit
   Answer: B
6. Budget is approved by:
   A. Railway Board
   B. Parliament
   C. Auditor
   D. Manager
   Answer: B
7. Budget estimates include:
   A. Revenue
   B. Capital
   C. Both
   D. None
   Answer: C
8. Revised estimate is:
   A. Original estimate
   B. Updated estimate
   C. Actual
   D. None
   Answer: B
9. Budget control ensures:
   A. Overspending
   B. Discipline
   C. Profit
   D. None
   Answer: B
10. Appropriation is required for:
    A. Expenditure
    B. Income
    C. Audit
    D. None
    Answer: A

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26–50: Budget Mechanism & Control

26. Excess over grant requires:
    A. Approval
    B. Ignoring
    C. Audit only
    D. None
    Answer: A
27. Re-appropriation means:
    A. Transfer of funds
    B. Payment
    C. Audit
    D. None
    Answer: A
28. Savings in budget can be:
    A. Ignored
    B. Re-appropriated
    C. Deleted
    D. None
    Answer: B
29. New service requires:
    A. Approval
    B. No approval
    C. Audit
    D. None
    Answer: A
30. Charged expenditure is:
    A. Voted
    B. Non-voted
    C. Optional
    D. None
    Answer: B
31. Voted expenditure requires:
    A. Parliament approval
    B. Audit
    C. Officer approval
    D. None
    Answer: A
32. Budget grant limits:
    A. Income
    B. Expenditure
    C. Audit
    D. None
    Answer: B
33. Budget is tool of:
    A. Planning
    B. Control
    C. Both
    D. None
    Answer: C
34. Budget execution requires:
    A. Monitoring
    B. Control
    C. Review
    D. All
    Answer: D
35. Budget is revised to:
    A. Reflect changes
    B. Audit
    C. Control
    D. None
    Answer: A

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51–75: Numerical / Practical Questions 🔥

51. Budget grant ₹10,00,000, actual ₹12,00,000 →
    A. Saving ₹2,00,000
    B. Excess ₹2,00,000
    C. No effect
    D. None
    Answer: B
52. Budget ₹8,00,000, actual ₹6,00,000 →
    A. Saving ₹2,00,000
    B. Excess ₹2,00,000
    C. Loss
    D. None
    Answer: A
53. If savings ₹1,00,000 re-appropriated →
    A. Transfer allowed
    B. Ignored
    C. Audit
    D. None
    Answer: A
54. Budget ₹5,00,000, revised ₹6,00,000 → increase =
    A. 1,00,000
    B. 5,00,000
    C. 6,00,000
    D. None
    Answer: A
55. Actual ₹7,00,000 vs revised ₹6,00,000 →
    A. Saving
    B. Excess ₹1,00,000
    C. Profit
    D. None
    Answer: B
56. Budget ₹9,00,000, actual ₹9,00,000 →
    A. Saving
    B. Excess
    C. Exact utilization
    D. None
    Answer: C
57. Grant ₹10,00,000, used ₹8,00,000 →
    A. Saving ₹2,00,000
    B. Excess
    C. Profit
    D. None
    Answer: A
58. Re-appropriation ₹50,000 from A to B →
    A. Increase B
    B. Decrease A
    C. Both
    D. None
    Answer: C
59. Excess requires:
    A. Regularization
    B. Ignoring
    C. Audit only
    D. None
    Answer: A
60. Budget control failure leads to:
    A. Overspending
    B. Audit objection
    C. Misuse
    D. All
    Answer: D

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76–100: Advanced + Railway Context

76. Budget ensures:
    A. Control
    B. Planning
    C. Monitoring
    D. All
    Answer: D
77. Railway budget includes:
    A. Revenue
    B. Capital
    C. Both
    D. None
    Answer: C
78. Appropriation ensures:
    A. Fund allocation
    B. Payment
    C. Audit
    D. None
    Answer: A
79. Budget discipline avoids:
    A. Waste
    B. Excess
    C. Misuse
    D. All
    Answer: D
80. Financial control ensures:
    A. Economy
    B. Efficiency
    C. Effectiveness
    D. All
    Answer: D
81. Budget is part of:
    A. Financial management
    B. Audit
    C. Ledger
    D. None
    Answer: A
82. Budget is prepared annually for:
    A. Planning
    B. Control
    C. Monitoring
    D. All
    Answer: D
83. Budget approval ensures:
    A. Legality
    B. Authority
    C. Control
    D. All
    Answer: D
84. Re-appropriation requires:
    A. Authority
    B. Approval
    C. Control
    D. All
    Answer: D
85. Excess expenditure is:
    A. Regular
    B. Irregular
    C. Profit
    D. None
    Answer: B
86. Savings indicate:
    A. Efficiency
    B. Under-utilization
    C. Both
    D. None
    Answer: C
87. Budget variance is:
    A. Difference
    B. Profit
    C. Loss
    D. None
    Answer: A
88. Railway budget is subject to:
    A. Audit
    B. Control
    C. Rules
    D. All
    Answer: D
89. Budget execution requires:
    A. Monitoring
    B. Control
    C. Review
    D. All
    Answer: D
90. Budget is basis for:
    A. Control
    B. Audit
    C. Reporting
    D. All
    Answer: D
91. Budget ensures:
    A. Financial discipline
    B. Control
    C. Transparency
    D. All
    Answer: D
92. Grant utilization must be:
    A. Within limit
    B. Exceed
    C. Ignore
    D. None
    Answer: A
93. Budget helps in:
    A. Planning
    B. Control
    C. Decision
    D. All
    Answer: D
94. Financial rules ensure:
    A. Discipline
    B. Control
    C. Efficiency
    D. All
    Answer: D
95. Budgeting is essential for:
    A. Management
    B. Audit
    C. Ledger
    D. None
    Answer: A
96. Railway finance depends on:
    A. Budget
    B. Audit
    C. Control
    D. All
    Answer: D
97. Budget is:
    A. Estimate
    B. Actual
    C. Ledger
    D. None
    Answer: A
98. Budget control avoids:
    A. Overspending
    B. Waste
    C. Misuse
    D. All
    Answer: D
99. Appropriation ensures:
    A. Proper allocation
    B. Control
    C. Monitoring
    D. All
    Answer: D
100. Budget system ensures:
     A. Transparency
     B. Accountability
     C. Control
     D. All
     Answer: D