WBCS.LIVE practice question

What is a budget deficit?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. The excess of government revenue over expenditure.
  2. The amount of money allocated for defence spending.
  3. The amount of money allocated for social welfare programmes.
  4. The excess of government expenditure over revenue.

Correct answer and explanation

Correct answer: The excess of government expenditure over revenue.