JKSSB Mock Tests

Which of the following best describes a budget deficit?

A. Government revenue exceeds government spending
B. Government spending exceeds government revenue
C. The government is saving for future projects
D. The government is not allocating enough funds for public services
Answer: Option B
Solution (By JKSSB Mock Tests Team)
A budget deficit occurs when a government's total expenditures exceed its total revenues during a specific financial period.
This Question Belongs to: General knowledge mcqs Economics set 1

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