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Question

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

A
surplus
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B
balanced
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C
deficit
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D
zero-based
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Solution

The correct option is A surplus

Surplus Budget is the type of budget where the expected government revenue is greater than expected government expenditure due to which there is a surplus in the budget. Surplus budget is regarded as a positive indicator for the economy.


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