The question asks us to evaluate two statements regarding fiscal policy and the budget, and determine if Statement 2 correctly explains Statement 1. We need to understand the role of the budget in achieving fiscal policy objectives and whether it's merely an accounting statement or a policy tool.
B) Statement -1 is true, statement -2 is true; statement -2 is the correct explanation for statement -1. Both statements are factually correct, and Statement 2 provides the rationale for Statement 1's assertion.
The question asks us to evaluate two statements regarding the Compensatory Afforestation Fund Act, 2016. We need to determine the correctness of each statement based on the provisions of the Act.
A) 1 only. Statement 1 is correct because the Compensatory Afforestation Fund Management and Planning Authority (CAMPA) is indeed established at both national and state levels as per the law. Statement 2 is incorrect because while people's participation is encouraged and important, it is not strictly mandatory in all compensatory afforestation programmes under the Act.
The question asks to identify what a budget represents beyond just receipts and expenditures. We need to understand the comprehensive nature of a budget document as presented to a parliament.
Correct Option: C) Balance Sheet — A budget is often referred to as a 'balance sheet' of government receipts and expenditures because it provides a comprehensive overview of the government's financial position, including its assets, liabilities, and financial plans for the upcoming fiscal year, much like a balance sheet does for a company. It's not just a list but a complete financial statement.
The question asks to identify the type of expenditure that leads to the creation of assets and is beneficial for economic growth. We need to understand the definitions of different types of government or economic expenditures.
Correct Option: C) Capital expenditure represents creation of assets in an economy and is thus desirable for growth. Capital expenditure includes investments in infrastructure, machinery, buildings, etc., which directly contribute to the productive capacity and long-term growth of an economy.
The question pertains to the management of minor minerals in India, specifically focusing on the roles of Central and State Governments. We need to evaluate each statement based on the existing legal framework for mineral regulation in India, primarily the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) and subsequent amendments.
Based on this analysis, statements 1 and 3 are correct, while statement 2 is incorrect.
Correct Option: A) 1 and 3 only
Which type of expenditure was not included in the Five-Year Plans?
The question asks to identify which type of expenditure was NOT included in the Five-Year Plans. To answer this, we need to understand the classification of government expenditure, particularly in the context of India's Five-Year Plans.
Correct Option: C) Non plan
Non-plan expenditure was not included in the Five-Year Plans as a type of expenditure to be planned or targeted. The plans primarily focused on 'Plan' expenditure for developmental projects and schemes.