JKSSB Mock Tests

Read the following about balanced budget.

A. Only A
B. Only B
C. Neither A nor B
D. Both A and B
Answer: Option D
Solution (By JKSSB Mock Tests Team)
A balanced budget effectively occurs when the government's total projected revenues are precisely equal to its total estimated expenditures in a given financial year, resulting in neither a fiscal deficit nor a surplus.
This Question Belongs to: General knowledge mcqs Economics set 2

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