Question : Which one of the following occurs when current expenses exceed the amount of income received through standard operations?
Option 1: Budget variance
Option 2: Budgetary slack
Option 3: Budget deficit
Option 4: Budget surplus
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Correct Answer: Budget deficit
Solution : The correct answer is Budget deficit.
When current expenses surpass the income generated through standard operations, it leads to a "Budget deficit." In this financial scenario, the organisation or entity is spending more than it is earning, creating a deficit that may need to be addressed through alternative funding sources or adjustments in financial planning.
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Question : Accounting of National Income at constant prices is known as____________.
Option 1: Money income
Option 2: Current income
Option 3: Domestic income
Option 4: Real income
Question : Which of the following is another term for the average income of a country?
Option 1: Inflation rate
Option 2: Per capita expenditure
Option 3: Disposable income
Option 4: Per capita income
Question : Which of the following is/are the sessions of our Parliament?
Option 1: Monsoon Session
Option 2: Winter Session
Option 3: Budget Session
Option 4: All of these
Question : The best index of economic development is provided by
Option 1: Growth in per capita real income from year to year
Option 2: Growth in national income at current prices
Option 3: Growth in savings ratio
Option 4: Improvements in the balance of payments position
Question : The heating of a coil is proportional to the nth power of the time of flow of current through it, where n is equal to:
Option 1: +2
Option 2: -2
Option 3: +1
Option 4: -1
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