Multiple Choice Questions on A situation where the expenditure of the government exceeds its revenueis called ........ for SSC CGL Exam Preparation

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Multiple Choice Questions

A situation where the expenditure of the government exceeds its revenueis called ........

General Studies (CGL) Indian Economy
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    A situation where the expenditure of the government exceeds its revenueis called ............

    This questions was previously asked in
    SSC CGL 10 June 2019 Shift-1
    View All ssc Previous Year Papers

    Default Financing

    Incorrect Answer

    Deficit Revenue

    Incorrect Answer

    Budget Deficit

    Correct Answer

    Default Revenue

    Incorrect Answer
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    Explanation:

    - Option 1: Default Financing

    - This term doesn't accurately describe the situation where government expenditure exceeds revenue. It typically refers to financial handling post-default.

    - Option 2: Deficit Revenue

    - This isn't a standard economic term. It seems to mix elements from "budget deficit" and "revenue deficit."

    - Option 3: Budget Deficit

    - This is the correct answer. It happens when a government's expenses surpass its income, excluding borrowing.

    - Option 4: Default Revenue

    - This term is not recognized in economic discussions. Revenue relates to income; default relates to failing financial commitments.

    By: santosh
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