MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Budget

The budget in...

Question

The budget in which its tax revenue and expenditure are equal is called ____________.

A

surplus budget

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

balanced budget

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

unbalanced budget

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

none of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B balanced budget
Balanced budget refers to a situation where the budget expenditure of the government on tax is equal to the budget revenue of the government from tax paid by the public.

Suggest Corrections

thumbs-up

0

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. 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 _____.

Q. In a ___________ Budget, Revenue equals Expenditure.

Q. State with reasons whether you agree or disagree with the following statements.

1. Capital budget consists of revenue receipts and revenue expenditure.
2. When government expenditure is greater than government revenue, it is called Surplus Budget.
3. During the period of inflation, Surplus Budget is advisable.

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

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Budget

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon