Which of the following are the 6 accounts that have a role in the economic classification of the budget?

Correct option is B

.Correct option: (b), Accounts I to VI: Transaction in commodities, revenue, and capital.

Information Booster: 

The economic classification of the budget typically divides government transactions into different categories based on the type of economic activity. The six key accounts involved in the economic classification of the budget are:

1. ​Revenue Receipts: These are income receipts that do not require repayment, such as taxes, duties, and other sources of non-repayable income.
   
2. Capital Receipts: These are receipts that create liabilities or reduce assets, such as loans, borrowings, and disinvestment.
   
3. Revenue Expenditure: This includes expenditures that are for the normal functioning of the government and do not result in the creation of assets, such as administrative costs, interest payments, subsidies, and pensions.
   
4. Capital Expenditure: This involves spending on the creation of assets or the reduction of liabilities, such as infrastructure development, purchase of equipment, or loans given by the government.
   
5. Loans and Advances: This refers to money lent by the government to individuals or organizations, which is expected to be repaid. It is considered a capital account transaction.
   
6. Debt Repayment: This refers to the repayment of loans or borrowings that the government owes. It reduces liabilities and is considered under capital expenditure.