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Which of the following statements are correct regarding Annual Financial Statement? 1. The Budget consists of three parts namely : Revenue, Expenditure and Deficit. 2. The Budget is presented in two parts, Finance Bill and Appropriation Bill. 3. Finance Bill consists of provisions relating to sources from where revenue would be collected. 4. Appropriation bill contains provisions relating to area in which expenses will be incurred.
Correct Answer: (c)
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This question appeared in the GPSC Prelims 2019 examination (GS). It is Question 143 out of 400 questions in this paper.
This question was part of the GPSC Prelims 2019 (GS). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.