CUET Economics PYQs

Defense of the nation is a service provided by our armed forces. This service is.

1. Non -Public good which is non-rival and non excludable in consumption.
2. Public good which is non-rival and non excludable in consumption.
3. Non -Public good which is rival and non-excludable in consumption.
4. Public good which is rival and non-excludable in consumption.

Identify the incorrect statement from the following about the revenue budget of the government.

The excess of Government's Revenue Expenditure over Revenue Receipts is called...............

1. Revenue Deficit
2. Fiscal Deficit
3. Monetary Deficit
4. Primary Deficit