Advertisements
Advertisements
प्रश्न
Explain the meaning of Budget set
Advertisements
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.
During the period of inflation surplus budget is advisable.
Give the equation of Budget Line.
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.
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
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:
