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Surplus Budget and Deficit Budget.

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प्रश्न

Distinguish between Surplus budget and Deficit budget.

अंतर स्पष्ट करें
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उत्तर

  Points Surplus Budget Deficit Budget
1. Meaning A surplus budget takes place when the estimated receipts are more than the estimated expenditure. A deficit takes place when its estimated expenditure is more than estimated receipts.
2. Formula Surplus Budget = Estimated Receipts > Estimated Expenditure Deficit Budget = Estimated Receipts < Estimated Expenditure
3. Preference by Countries A country will prefer a surplus budget because the surplus can be used to repay outstanding loans or liabilities. A country does not prefer a deficit budget, as it affects economic growth and development.
4. Leads to It leads to a decrease in the liabilities of the government or causes an increase in its savings. It leads to an increase in the liabilities of the government or causes a reduction in its reserves.
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अध्याय 17: Government Budget - TEST YOURSELF QUESTIONS [पृष्ठ ३४५]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 17 Government Budget
TEST YOURSELF QUESTIONS | Q 3. (i) | पृष्ठ ३४५

संबंधित प्रश्न

During the period of inflation surplus budget is advisable.


Explain the meaning of Budget set 


Give the equation of Budget Line.


Explain the major components of government budget.


Define the following concept:

Budget


State whether the following statement is True or False :

Budget is a monthly statement - False.


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.


Fill in the blank using proper alternatives given in the bracket:

During depression .............. budget is preferable.


Write short Answer for the following question:

Explain the components of government budget ?


Budget where total revenue equals to total expenditure is called ______.

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.


Fill in the blank with appropriate alternatives given below

During depression, __________ budget is preferable.


Distinguish between:

Deficit budget and balanced budget 


Define "Trade surplus" and "Trade Deficit".


Surplus budget is that budget where in ______.


Which of the following points relates to surplus budget?


Complete the correlation:

Inflation: Surplus budget : : ______ : Deficit budget


Find the odd word out:

Types of budget:


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:


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

Which of the following is NOT a type of government budget on the basis of balance?


In a Balanced Budget, which of the following conditions holds?


A Surplus Budget is one in which:


A Deficit Budget is one in which:


A Balanced Budget is typically used in which situation?


A Surplus Budget is used during inflation primarily to:


During depression/recession, which type of budget is used to boost aggregate demand?


The classification of budgets into Revenue Budget and Capital Budget is based on:


The classification of budgets into Union Budget and State Budget is based on:


The distinction between an Ordinary Budget and an Emergency Budget is based on:


The Plan Budget vs. Non-Plan Budget classification is based on:


The classification of budgets into Development Budget and Non-Development Budget 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?


What is the effect of a Deficit Budget on aggregate demand?


A Deficit Budget is described as a key instrument of:


Which type of budget is most commonly used in developing countries like India?


Which type of budget is associated with welfare state objectives?


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