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.

Asked in GPSC Prelims CSP 1 2019 · Topic: The Parliament (Budget in Parliament: Financial Procedures and Funds)

1. 1, 2, 3 and 4
2. 1, 3 and 4 only
3. 2, 3 and 4 only
4. 3 and 4 only

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