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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
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संबंधित प्रश्न
Distinguish between Surplus budget and Deficit budget.
Give the equation of Budget Line.
Explain the major components of government budget.
State whether the following statement is True or False :
Budget is a monthly statement - False.
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.
Fill in the blank with appropriate alternatives given below
When Government revenue exceeds, government expenditure it is known as __________ budget.
Define "Trade surplus" and "Trade Deficit".
Identify the right group of pairs from the given options.
| Column I | Column II |
| 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 |
Find the odd word out:
Types of budget:
A Deficit Budget is one in which:
A Surplus Budget is used during inflation primarily to:
The distinction between an Ordinary Budget and an Emergency Budget is based on:
The Plan Budget vs. Non-Plan Budget classification is based on:
From which Union Budget was the Plan/Non-Plan classification discontinued?
A Balanced Budget is considered less effective during which of the following situations?
Why is a Surplus Budget NOT suitable during a recession?
Which of the following correctly matches the budget type with its use?
