JKSSB Mock Tests

In which of the following situations does the government run a deficit budget?

A. When the government expenditure and revenue both are zero.
B. When the government expenditure exceeds revenue.
C. When the government expenditure equals revenue.
D. When the government revenue exceeds expenditure.
Answer: Option B
Solution (By JKSSB Mock Tests Team)
A deficit budget occurs when a government's total expenditures surpass its total revenues generated from taxes and other sources in a given fiscal year.
This Question Belongs to: General knowledge mcqs Economics set 1

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