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1 st February government budget correct; revenue budget component of government budget.
Ref: NCERT Economics Class XII Chapter 5 Government Budget explains budget components revenue capital budget surplus deficit fiscal policy clearly.
Shanmukham Chetty correct per microeconomics basics; central problems scarcity choice opportunity cost.
Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.
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