Question : What is a balanced budget?

Option 1: When government spending is equal to government revenue

Option 2: When government spending is greater than government revenue

Option 3: When government spending is less than government revenue

Option 4: When government spending is zero

Question : What is the difference between a balanced budget and a surplus budget?

Option 1: A balanced budget has equal spending and revenue, while a surplus budget has more revenue than spending

Option 2: A balanced budget has more spending than revenue, while a surplus budget has equal spending and revenue

Option 3: A balanced budget has more revenue than spending, while a surplus budget has equal spending and revenue

Option 4: A balanced budget has equal spending and revenue, while a surplus budget has more spending than revenue

Question : The "revenue surplus" in the government budget refers to a situation where:

Option 1: Total revenue is greater than total expenditure

Option 2: Total revenue is equal to total expenditure

Option 3: Total revenue is less than total expenditure

Option 4: Total revenue exceeds total non-tax revenue

Question : The marginal revenue of a monopolist is 

Option 1: more than price .

Option 2: equal to price .

Option 3: less than  price .

Option 4: less than marginal cost .

Question : While ascending a hill, the driver of the vehicle keeps the gear ratio:

Option 1: Equal to 1

Option 2: Less than 1

Option 3: Greater than 1

Option 4: Either equal to or greater than 1