[amp_mcq option1=”Balanced budget” option2=”Surplus budget” option3=”Deficit budget” option4=”Zero-based budget” correct=”option3″]<\/p>\n
The correct answer is: c) Deficit budget<\/strong><\/p>\n A deficit budget is a budget in which the government’s spending exceeds its revenue. This means that the government has to borrow money to cover the difference. The Assam government usually presents a deficit budget because it has to spend more money on development projects and social welfare programs than it collects in taxes.<\/p>\n A balanced budget is a budget in which the government’s spending equals its revenue. This is the ideal situation, but it is very difficult to achieve.<\/p>\n A surplus budget is a budget in which the government’s spending is less than its revenue. This means that the government has a surplus of money, which it can use to pay down its debt or invest in new projects.<\/p>\n A zero-based budget is a budget in which every item of spending is justified from scratch, as if the government were starting from zero. This is a very rigorous approach to budgeting, but it can help to identify waste and inefficiency in government spending.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Balanced budget” option2=”Surplus budget” option3=”Deficit budget” option4=”Zero-based budget” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[975],"tags":[],"class_list":["post-76615","post","type-post","status-publish","format-standard","hentry","category-assam-state-gk-mcq","no-featured-image-padding"],"yoast_head":"\n