Deficit budget refers to that situation in which government’s budget expenditure is:

Less than its budget receipts

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More than its budget receipts

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Equal to its budget receipts

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None of the above

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Solution

The correct option is B
More than its budget receipts

Deficit budget refers to that situation in which the government’s budget expenditure is more than its budget receipts.

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Similar questions

Total expenditure of a government budget is Rs 75,000 crore and total receipts are Rs 45,000 crore. How much is the budget deficit?

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