Question : The difference between a government's total revenue and total expenditure is known as:
Option 1: National income
Option 2: Fiscal deficit
Option 3: Trade deficit
Option 4: Budget surplus
Correct Answer: Budget surplus
Solution : The correct answer is (d) Budget surplus.
The difference between a government's total revenue and total expenditure is known as a budget surplus when the total revenue exceeds the total expenditure. It means that the government has a surplus of funds available after meeting all its expenses.
Question : The difference between total government expenditures and total government revenues is known as:
Question : Which of the following is correct.
Question : Borrowings are equivalent to:
Question : From the following data about the government budget, determine fiscal deficit. Total receipts excluding borrowings- 40000 Revenue deficit- 5000 Capital expenditure- 45000 Revenue expenditure- 16000 Interest payments- 25% of revenue deficit.
Question : From the following data about the government budget, determine fiscal deficit. Total receipts excluding borrowings- 1050 Revenue deficit- 600 Capital expenditure- 450 Revenue expenditure- 1600 Interest payments- 25% of revenue deficit.
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