What is unbalanced budget? State its types. – InterviewSolution

1.	What is unbalanced budget? State its types.
Answer» A budget in which the total expenditure is not equal to the total income i.e. either the expenditure is more than or less than the income is called unbalanced budget. Types: deficit budget and surplus budget.

Discussion

No Comment Found

Related InterviewSolutions

What is federal finance?
Explain federal finance.
What is fiscal deficit?
Explain briefly fiscal deficit.
State two non-plan expenditure of the central government.
State the functions of panchayats that lead to their expenditures.
What do you mean by developmental and non-developmental expenditures?
The credit side of the budget records ________(A) Current income(B) Revenue expenditure(C) Capital income(D) Both (A) and (C)
Since ________ the expenditure of central government is classified into plan and non-plan expenditures.(A) 1991(B) 2001(C) 2016(D) 2013
Which of the following is a demerit of deficit budget?(A) It shows that the governments do not have control on expenditures.(B) Governments borrow more and increase debts.(C) People are made to pay more taxes to enhance government incomes.(D) Both (A) and (B)