Macro

Government Budget

Easy

Revenue Deficit is

Total Expenditure - Capital Expenditure

Fiscal Deficit - Payment of Interests

Revenue Expenditure - Revenue Receipts

Total Expenditure - Total Receipts

✅ Correct Option: 3

Revenue Deficit = Revenue Expenditure - Revenue Receipts.

It indicates that the government's current revenue is insufficient to meet its current expenditure, forcing it to borrow for consumption purposes. Option 2 defines Primary Deficit, and option 4 approximates Fiscal Deficit.

2025: 30 May Shift 2

Which of the following is the best example of Public provision and Public Production respectively?

2022: 30 Aug Shift 2

Which of the following statements is true ?

(A) Fiscal deficit is the difference between the government's budgetary expenditure and budgetary receipts excluding borrowings.

(B) Primary deficit is the difference between total receipts and interest payments.

(D) Primary deficit equals revenue deficit less interest payments.

(E) Revenue deficit refers to excess of government's revenue expenditure over its revenue receipts.

Choose the correct answer from the options given below :

2026: 11 May Shift 1

Goods that possess characteristics of excludability and rivalry are known as___.

2025: 15 May Shift 1

When did GST came in effect in India?

2026: 11 May Shift 1

Which are the part of plan revenue expenditure ?

A. Expenditure on five-year plans

B. Central assistance for union territories

C. Expenditure on Defence services

D. Expenditure on subsidies and interest payment

Choose the correct answer from the options given below:

2026: 13 May Shift 1

FRBMA stands for:

Revenue Deficit is

Solution

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