Question : When expenditure exceeds revenue, the budget is said to be in_____________.
Option 1: deficit
Option 2: surplus
Option 3: reserve
Option 4: debt
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: deficit
Solution : The correct option is the deficit .
A budget is in deficit when its expenditures surpass its revenue, leading to a financial imbalance. This shortfall necessitates borrowing or using reserves to cover the gap.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : If the government revenue expenditure exceeds revenue receipt, it is called:
Question : The gross primary deficit can be expressed as ______.
Question : What situation would result if government expenditure exceeds the government revenue in the current account?
Question : Gross primary deficit is the difference between ______.
Question : Non-tax revenue is part of ______.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile