Government Accounting & Budgeting

JKSSB Panchayat Account Assistant · Accountancy & Finance · 11 practice questions with answers and explanations: 3 Easy, 6 Medium, 2 Hard.

Sample questions

Sample Easy question 1

What is a 'zero-based budget'?

  1. A budget where every expense must be justified from scratch each period
  2. A budget with zero expenditure
  3. A budget carried over unchanged from the previous year
  4. A budget used only by non-profits
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Answer: A. Zero-based budgeting requires every line item to be re-justified for each new budget period, rather than simply adjusting the prior year's figures.

Sample Medium question 2

What is the 'Contingency Fund of India' used for?

  1. To meet unforeseen government expenditure pending parliamentary approval
  2. To pay employee pensions
  3. To fund elections
  4. To pay off national debt
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Answer: A. The Contingency Fund allows the government to meet urgent, unforeseen expenses before Parliament formally approves the spending.

Sample Hard question 3

Under India's government accounting, expenditure is broadly classified into which two categories?

  1. Revenue expenditure and Capital expenditure
  2. Direct expenditure and Indirect expenditure
  3. Fixed expenditure and Variable expenditure
  4. Planned and Unplanned expenditure only
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Answer: A. Government expenditure is classified as Revenue expenditure (routine operating costs) and Capital expenditure (asset-creating spending).

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