OMTEX CLASSES: TYPES OF BUDGET

TYPES OF BUDGET


 Ans. The types of budgets are as follows:



1. Balanced Budget : - Balanced budget is a situation, in which estimated revenue of the government during the year is equal to its anticipated expenditure.

Government's estimated Revenue = Government's proposed Expenditure.
For individuals and families, it is always advisable to have a balanced budget.

2. Unbalanced Budget : - The budget in which income & expenditure are not equal to each other is known as Unbalanced Budget.

Unbalanced budget is of two types they are Surplus Budget, Deficit Budget.

A. Surplus Budget

The budget is a surplus budget when the estimated revenues of the year are greater than anticipated expenditures.

Government expected revenue > Government proposed Expenditure.

B. Deficit Budget

Deficit budget is one where the estimated government expenditure is more than expected revenue.



Government's estimated Revenue < Government's proposed Expenditure.

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CHAPTERS COVERED
1. LINEAR EQUATIONS IN TWO VARIABLES
2. QUADRATIC EQUATIONS
3. ARITHMETIC PROGRESSION
4. FINANCIAL PLANNING
5. PROBABILITY
6. STATISTICS

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Linear Equations in Two Variables



Quadratic Equation



Arithmetic Progression



Financial Planning



Probability



Statistics