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Question

In the budget, when the government's revenue is more than its expenditure it is called __________.

A
deficit budget
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B
surplus budget
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C
balanced budget
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D
imbalanced budget
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Solution

The correct option is C surplus budget

A budget surplus is a period when income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the government is being effectively managed.


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