3 Views

Question : What is a government surplus?

Option 1: When government revenue is greater than government spending

Option 2: When government revenue is less than government spending

Option 3: When government revenue is equal to government spending

 

Option 4: When government revenue is zero


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: When government revenue is greater than government spending


Solution : The correct answer is (a). A government surplus occurs when government revenue is greater than government spending.

A government surplus is a financial situation where the government's total revenue from taxes, fees, and other sources exceeds its total expenditures in a given period, typically a fiscal year. It means that the government is collecting more money than it is spending, resulting in a positive balance.

A government surplus can have several implications. It can be an indicator of a healthy and well-managed economy, as it suggests that the government is generating more revenue than it requires for its current expenditures. Surpluses can be used to reduce debt, invest in infrastructure, fund future projects, or be saved for future contingencies.

Related Questions

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Indus University M.Tech Admis...
Apply
Highest CTC 26 LPA | Top Recruiters: Accenture, TCS, Tech Mahindra, Capgemini, Microsoft
MAHE, Manipal - B.Tech Admiss...
Apply
Last Date to Apply: 15th March | NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #3
Greater Noida Institute of Te...
Apply
NAAC A+ Accredited | Highest CTC 70 LPA | Average CTC 6.5 LPA | 400+ Recruiters
Victoria University, Delhi NCR
Apply
Apply for UG & PG programmes from Victoria University, Delhi NCR Campus
Amity University-Noida BBA Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books