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प्रश्न
Explain the meaning of Budget set
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उत्तर
A budget set refers to attainable bundles of a set of two goods, given the prices of goods
and the income of the consumer.
An equation of the budget set is P1X1 + P2X2 < M.
where
X1 = Quantity of Good-1
X2 = Quantity of Good-2
P1 = Price of Good-1
P2 = Price of Good-2
APPEARS IN
संबंधित प्रश्न
Distinguish between Surplus budget and Deficit budget.
Give the equation of Budget Line.
Define the following concept:
Budget
Write short answer for the following question:
What are the Typing of Budget.
Fill in the blank with proper alternatives given in the bracket:
Budget is the _________________ of the revenue and expenditure of the coming year.
Give reason or explain the following statement:
A dieficit budget nay prove useful during the period of depression.
Write short notes (Any Two)
Revenue Receipts
State whether the following statements are True or False with reasons:
The expenditure is more than income in balanced budget.
Give reasons or explain the following statement:
For the period of inflation surplus budget is prepared.
Write the answers in ‘one’ or ‘two’ paras each:
Explain the types of Government budget.
Fill in the blank with appropriate alternatives given below
When Government revenue exceeds, government expenditure it is known as __________ budget.
Distinguish between:
Deficit budget and balanced budget
State with reason whether you agree or disagree with the following statement.
During the period of inflation, Surplus Budget is advisable.
Surplus budget is that budget where in ______.
Find the odd word out:
Types of budget:
identify the right group of pairs from the given options.
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
