A budget in which expenditure exceeds receipts is a
Answer and explanation
Correct answer: D. deficit budget
- Step 1: A deficit has to be financed by borrowing or printing money.
Answer
deficit budget.
Why not the others: A surplus budget has receipts above expenditure.
Practise more Business Economics.
Free questions with an explanation for every one, and full timed CA Foundation mock tests.
More Business Economics questions
- If the price elasticity of demand is greater than one, demand is
- Which of these is a determinant of the demand for a good, other than its price?
- At the equilibrium price in a market,
- A rise in the price of a good leads to a fall in the quantity demanded, other things equal. This is the
- Which of these is a fixed cost for a factory in the short run?
- Which feature is characteristic of perfect competition?