Question
Which one of the situations is more desirable?
Situation ASituation BRevenue - 100 croresRevenue - 500 croresExpenditure - 100 croresExpenditure - 100 crores
Situation ASituation BRevenue - 100 croresRevenue - 500 croresExpenditure - 100 croresExpenditure - 100 crores
Answer: Option B
:
B
A surplus budget is preferred over a balanced budget as this allows more money to be invested in liquid savings assets or illiquid assets like land. Situation B depicts a surplus budget whereas Situation A is a balanced budget. Therefore, Situation B is more desirable.
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:
B
A surplus budget is preferred over a balanced budget as this allows more money to be invested in liquid savings assets or illiquid assets like land. Situation B depicts a surplus budget whereas Situation A is a balanced budget. Therefore, Situation B is more desirable.
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