Today we present infographics of KBK Graphics on Receipts, expenditure and deficit trends for budget 2020-21. It has got a lot of data. Please check your familiarity with simple facts.
Today’s quiz.
a. There are three types of budget, balanced budget, surplus budget and deficit budget. Our union budget comes under which category?
b. When (which year) did India have a surplus budget?
Answer:
a. Deficit budget
b. 1950-51 [surplus budget of Rs 71 lakhs presented]
