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If net force acting on a body is zero (balanced forces), then there are 2 possibilities :-
[1] The body will be in uniform motion, i.e. its acceleration would be zero but but       velocity constant (its speed and direction will not change).
[2] The body will be in equilibrium, i.e. at rest.
There can be two possiblities
1. the body is in uniform motion
2 the body is at rest