Maharashtra State Board course HSC Science (Computer Science) 12th Board Exam
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Budget Where Total Revenue Equals to Total Expenditure is Called ______.(A) Balanced Budget(B) Surplus Budget (C) Deficit Budget(D) Annual Budget - Economics

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Question

Budget where total revenue equals to total expenditure is called _____________.
(a) balanced budget
(b) surplus budget
(c) deficit budget
(d) annual budget

Solution

Budget where total revenue equals to total expenditure is called balanced budget.
Explanation:
A balanced budget is the one where total revenue equals to total expenditure. When total revenue is more than total expenditure, there is surplus budget and when total revenue is less than total expenditure, there is deficit budget.

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 2012-2013 (March) (with solutions)
Question 1.3.5 | 1.00 mark
Solution Budget Where Total Revenue Equals to Total Expenditure is Called ______.(A) Balanced Budget(B) Surplus Budget (C) Deficit Budget(D) Annual Budget Concept: Types of Budget.
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