Question

Choose the Odd-One-Out:

The different types of budgets are

1. Realistic budget
2. Surplus budget
3. Balanced budget 
4. Deficit budget

Answer 1

Realistic budget

Explanation:

In financial and economic terminology, the three standard, formal classifications of a budget based on the relationship between income and expenditure are surplus, balanced, and deficit budgets. A realistic budget is simply a qualitative description of how practical or achievable a financial plan is, rather than a technical budget category.