Q15 of 25 Page 1

If in an economy, the Estimated Receipts of the government during ayear are lesser than the Estimated Expenditure, the budget would be called _________ budget. (Fill up the blank)

Deficit

If in an economy, the Estimated Receipts of the government during a year are lesser than the Estimated Expenditure, the budget would be


called a deficit budget.


More from this chapter

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13

Which of the following is a capital receipt in the Government Budget?

 14

If the legal reserve ratio is 20%, the value of money multiplier would be __________ . (Choose the correct alternative)

 16

What are the primary deposits?

 17

Discuss briefly the relationship between marginal propensity to save and investment multiplier, using a hypothetical numerical example.

OR


State the meaning of the following :


(i) Full employment


(ii) Involuntary unemployment