Rewrite if required:

Deficit budget : income = expenditure

Surplus budget : income < expenditure

Balanced budget : income > expenditure

(a) Deficit Budget: Income = Expenditure

Incorrect. Deficit Budget: Income < Expenditure

(b) Surplus Budget: Income < Expenditure

Incorrect. Surplus Budget: Income > Expenditure

(c) Balanced Budget: Income > Expenditure

Incorrect. Balanced Budget: Income = Expenditure