If estimated government receipts are more than estimated government expenditure, it is said to be a_______.

Surplus Budget

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Deficit Budget

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Balanced Budget

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None of these

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Solution

The correct option is D Surplus Budget
Surplus budget refers to a situation when government receipts are more than government expenditure. Government receipts consist of capital receipts and revenue receipts. Whereas, government expenditure consists of capital expenditure and revenue expenditure.

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If estimated government receipts are more than estimated government expenditure, it is said to be a_______.

The correct option is D Surplus BudgetSurplus budget refers to a situation when government receipts are more than government expenditure. Government receipts consist of capital receipts and revenue receipts. Whereas, government expenditure consists of capital expenditure and revenue expenditure.

The correct option is D Surplus Budget
Surplus budget refers to a situation when government receipts are more than government expenditure. Government receipts consist of capital receipts and revenue receipts. Whereas, government expenditure consists of capital expenditure and revenue expenditure.