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This type of budget is prepared ordinarily by a committee of legislature on the request of the executive
- a)Legislative type of budget
- b)Executive type of budget
- c)Commission type of budget
- d)Open type of budget
Correct answer is option 'A'. Can you explain this answer?
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This type of budget is prepared ordinarily by a committee of legislatu...
Legislative and Executive Budget:
A legislative Budget is prepared by the various committees appointed by the legislature from among its members. An executive budget, on the other hand, is the one which is prepared by the executive branch of the government. Such a budget is normally passed and adopted by the legislature but the initiative is in the hand of government.
Most Upvoted Answer
This type of budget is prepared ordinarily by a committee of legislatu...
Legislative type of budget:
Definition:
The legislative type of budget is prepared ordinarily by a committee of legislature on the request of the executive.
Explanation:
- In this type of budget, the legislature plays a significant role in the budget-making process.
- The executive branch, typically the government, requests the legislature to prepare the budget.
- A committee of the legislature is responsible for drafting and finalizing the budget.
- The budget is then presented to the legislature for approval and implementation.
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This type of budget is prepared ordinarily by a committee of legislature on the request of the executivea)Legislative type of budgetb)Executive type of budgetc)Commission type of budgetd)Open type of budgetCorrect answer is option 'A'. Can you explain this answer?
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