Which of the following occurs when all taxes and other revenues exceed government expenditures for a year?

Related MCQs

• Which of the following describes the situation where revenues and expenditures are equal during a given period?
• All taxes come under
• Which of the following taxes is/are withdrawn or abolished?
• In case of deficit budget, when the deficits are covered through taxes, that budget is called:
• Progressive taxes:
• Lump sum taxes
• All type of income received to government is called .............. income.
• The objective of taxation by the Government are –
• ............ tax is in the jurisdiction of the Central government.
• Expenditure incurred by the Government on building durable assets, like highways, multipurpose dams, irrigation projects are in the nature of