Question : Which budget should be adopted by government in case of moderate inflation.

Option 1: Deficit budget

Option 2: Surplus budget

Option 3: Balanced Budget

Option 4: Revenue Budget

Question : What is the difference between a deficit budget and a surplus budget?

Option 1: A deficit budget spends more than it earns, while a surplus budget earns more than it spends

Option 2: A deficit budget earns more than it spends, while a surplus budget spends more than it earns

Option 3: A deficit budget earns as much as it spends, while a surplus budget earns more than it spends

Option 4: A deficit budget spends as much as it earns, while a surplus budget spends more than it earns

Question : What is the difference between a budget deficit and a national debt?

Option 1: A budget deficit is the difference between government spending and revenue in a given year, while the national debt is the accumulation of all previous deficits

Option 2: A national debt is the difference between government spending and revenue in a given year, while a budget deficit is the accumulation of all previous deficits

Option 3: A budget deficit is a surplus in government spending, while a national debt is a deficit in government spending

Option 4: A national debt is a surplus in government spending, while a budget deficit is a deficit in government spending

Question : ____________________ leads to inflationary trends in the economy due to more money supply.
 

Option 1: Borrowings
 

Option 2: Deficit financing
 

Option 3: Fiscal deficit
 

Option 4: Primary deficit.
 

Question : Which of the following is not a type of balance of payments surplus or deficit?

Option 1: Trade surplus or deficit

Option 2: Current account surplus or deficit

Option 3: Capital account surplus or deficit

Option 4: Service account surplus or deficit