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    Question

    What do you mean by balanced budget?

    A Expenditure not equal to revenue Correct Answer Incorrect Answer
    B Expenditure equal to revenue Correct Answer Incorrect Answer
    C Expenditure more the revenue Correct Answer Incorrect Answer
    D Expenditure is less than revenue Correct Answer Incorrect Answer

    Solution

    A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit but could have a budget surplus.

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