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Surplus budget is recommended during?

Hello Freinds,
Here is the continuation of my previous blog.
You can check for General Reasoning & Awareness questions in the below links:
General Reasoning - Part 1
General Awareness - Part 1

Morning shift SSC – Tier 1 2015 Test form No: 3149329 Questions and its Answers:    

 31)NABARD stands for

       A) National Business for Accounting and Reviewing
       B) National Bank for Agriculture and Rural Development
       C) National Bank for Aeronautics and radar Development
       D) National Bureau for air and road transport

Answer : National Bank for Agriculture and Rural Development

              NABARD is a development bank which came into existence in the year 1982.It regulates the credit and provide facilities for the promotion and development of Agriculture, Small scale industries, Cottage and Village industries. Its Head quartered in Mumbai with branches all over india.

 Click here to know more: NABARD

32) Surplus Budget is recommended during :

        A) Depression                              B) Boom
        C) War                                           D) Famines

Answer : Boom

           As per the government, Budget is of three types : Balanced,Deficit and Surplus Budget.
               Balanced Budget : When the income of government is equal to expenditure.
               Deficit Budget      : When the income is lesser than the expenditure(followed during                                                          the period of depression)
               Surplus Budget   :  When the income is more than the expenditure(followed when                                                              there is an economic growth)
                        So, Surplus budget is recommended during the booming of society.

33) Who is the first speaker of Lok sabha?

         A) B.R.Ambedkar                       B) G.V.Mavalankar
         C) N. Sanjeev Reddy                  D) Dr.S.P. Mukerjee

 Answer : G.V.Mavalankar (Ganesh Vasudev Mavalankar)
             
              G.V.Mavalankar popularly known as Danasaheb,one of the freedom fighter of India was the first speaker of Lok sabha(Lower House of parliament). 
               He passed his Law Examination in 1912 and within a short period of time he established himself as a leading lawyer. Later, he joined political party and extended his support for the freedom of India.
         


        Few Sources : Wiki pages

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