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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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