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Budget

The monthly i...

Question

The monthly income and expenses for a business are 1,00,000 Rupees and 50,000 Rupees respectively. This is a case of ___.

A

Budget Deficit

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B

Budget Surplus

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C

Balanced Budget

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D

Either A or B

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Solution

The correct option is B
Budget Surplus

Since the income is greater than expense, the business has a budget surplus.

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