Multiple Choice Questions on Fiscal Deficit means mdash ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

Fiscal Deficit means mdash ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Fiscal Deficit means—

    Public Expenditure—Debts forms source other than RBI

    Incorrect Answer

    Public Capital Expenditure-Surplus of Revenue Account

    Incorrect Answer

    Govt. Expenditure—Revenue receipts

    Incorrect Answer

    Public Expenditure—Tax and non-tax revenue receipts

    Correct Answer
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    Explanation:

    Fiscal deficit is the distinction between the government’s total expend and its total receipts and this excludes borrowing. Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts)

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