Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test General Knowledge Economy Money and Banking
What is the difference between a budget deficit and a budget surplus?
1
A budget deficit occurs when government spending exceeds revenue, while a budget surplus occurs when government revenue exceeds spending.
2
A budget deficit occurs when government revenue exceeds spending, while a budget surplus occurs when government spending exceeds revenue.
3
A budget deficit occurs when tax revenues increase, while a budget surplus occurs when tax revenues decrease.
4
More than one of the above
5
None of the above