Question : What is a government budget?
Option 1: A plan for managing a country's resources
Option 2: A plan for managing a company's resources
Option 3: A plan for managing an individual's resources
Option 4: A plan for managing a city's resources
Correct Answer: A plan for managing a country's resources
Solution : The correct answer is (a) A plan for managing a country's resources
A government budget is a plan for managing a country's resources. It is an estimate of the expected revenues and proposed expenditures for a specific period, typically one fiscal year. The budget outlines the government's priorities, allocates resources to various sectors such as education, healthcare, defense, infrastructure, and social welfare, and helps in determining taxation and borrowing policies. It is an essential tool for governments to manage their finances, promote economic growth, and meet the needs of the citizens.




