If the budget shows the government expenditure to be more than its revenue, it is a ___________ budget.

surplus

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deficit

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balanced

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imbalanced

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Solution

The correct option is B deficit

A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.

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Similar questions

Q. Choose the correct option.

Statement I: A country is said to have a surplus budget if its total expenditure is more than its total revenue.

Statement II: A country is said to have a balanced budget if its total expenditure is less than its total revenue.

Q. Give reason of Explain the statement
1. Income collected from tax is a main source of government revenue.
2. Revenue receipts and Revenue expenditure is known as Revenue Budget.
3. Government revenue is more than government expenditure.

Q. When the estimated government receipts are more than the estimated government expenditure, the budget is known to be a ___________ budget.

Q. If in a budget the government's revenue receipts and non-debt capital revenue are less than the government's total expenditure, it is called _____.

A government budget shows a primary deficit of Rs. 6,900 crore. The revenue expenditure on interest payment is Rs. 400 crore. How much is the fiscal deficit?

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If the budget shows the government expenditure to be more than its revenue, it is a ___________ budget.

The correct option is B deficit A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.

The correct option is B deficit

A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending, but can be applied to all of these entities.