Question : According to Article 112 of the Constitution of India, the Union Budget for a year is called __________.

Option 1: Fiscal Budget

Option 2: Assessment Statement

Option 3: Annual Financial Statement

Option 4: Annual Budget Statement

Question : The Government Budget is a statement of estimates of the government receipts and government expenditure for the coming financial year. The financial year for India is the period from ____ to _____.

Option 1: January 1 to December 31

Option 2: February 1 to January 31

Option 3: October 1 to August 31

Option 4: April 1 to March 31

Question : Statement 1: In management accounting, data from cost accounting and financial accounting are both used.
Statement 2: Therefore, a suitable system is required to combine cost accounts and financial accounts.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Question : Which of the following statement is correct?
Statement 1: The capital market helps in capital formation.
Statement 2: It is the nature of the capital market to satisfy the short term financial needs of the Government and the industrial sector.

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : It is concerned with optimal procurement as well as the uses of finance. Which of the following statement is highlighted in the given statement?
 

Option 1: Financial leverage
 

Option 2: Financial planning
 

Option 3: Financial management
 

Option 4: None of the above