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Fill in the blank with appropriate alternatives given below:When Government revenue exceeds, government expenditure it is known as __________ budget.Optionssurplusbalanceddeficitunbalanced |
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Answer» When Government revenue exceeds, government expenditure it is known as surplus budget. Explanation: Surplus budget refers to the excess of government revenue over the expenditure. In other words, when the government revenue is greater than its expenditure, it is called a surplus budget. That is, Surplus budget = Government revenue – Government expenditure |
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