Question

Which of the following points relates to surplus budget?

Options

• A surplus budget is a budget in which estimated government receipts are more. then the government expenditure

• Surplus Budget = estimated Receipts > estimated Expenditure.

• Both A surplus budget is a budget in which estimated government receipts are more. then the government expenditure and Surplus Budget = estimated Receipts > estimated Expenditure.

• None of the above

Answer 1

Both A surplus budget is a budget in which estimated government receipts are more. then the government expenditure and Surplus Budget = estimated Receipts > estimated Expenditure.

Explanation:

The surplus budget is one in which the estimated government receipts exceed the estimated government expenditures.

Or,

Surplus Budget = estimated Receipts > estimated Expenditure.