Multiple Choice Questions on Which of the following are incorrect about Effective Revenue Deficit ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following are incorrect about Effective Revenue Deficit ........

Economic Affairs Public Finance and Debt Management
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    Which of the following are incorrect about Effective Revenue Deficit?

    It was introduced in Union Budget 2011-12.

    Incorrect Answer

    It excludes Grants for Creation of Capital Assets (GoCA) from revenue deficit.

    Incorrect Answer

    Expenditure on centrally Sponsored schemes like Pradhan Mantri Gram Sadak Yojana is excluded from it.

    Incorrect Answer

    All grants from centre to states are excluded from it.

    Correct Answer
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    Explanation:

    the Effective Revenue Deficit excludes those revenue expenditures which were done in the form of grants for creation of capital assets aka GoCA. Such grants include the grants given under:

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