If government in a fiscal year has its revenue receipts l...
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
Balanced budget
Deficit budget
Favorable budget
Surplus budget
Unfavorable budget
Correct answer is B
No explanation has been provided for this answer.
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A major disadvantage of localization of industry is ...
Small scale enterprises are important in a country because ...
When the government imposes a unit tax on a commodity with perfectly inelastic demand, the ...