General Knowledge

Economy

Easy

Fiscal Deficit occurs when :

Government Expenditure exceeds Government Revenue (Excluding Borrowings)

Government Revenue exceeds Government Expenditure

Both Government Expenditure and Government Revenue are the same.

Government Expenditure exceeds GDP.

✅ Correct Option: 1

Fiscal deficit is total government expenditure minus total receipts other than borrowings. It therefore measures how much the government must borrow in a year. A revenue surplus is the opposite situation, matched receipts mean a balanced budget, and comparison with GDP is not the definition.

2025: 27 May Shift 2

The Headquarters of the World Trade Organisation is located in which of the following country?

2022: 24 Aug Shift 1

The Reserve Bank of India has now appointed which Bank as an Agency Bank of the RBI to conduct government business ?

2022: 6 Oct Shift 1

Which one of the following is the correct sequence in the decreasing order of contribution of different sources to the gross domestic product (GDP) in India.

2022: 6 Oct Shift 1

The headquarter of RBI is situated at-

2025: 20 May Shift 1

Which one among the following schemes was introduced by the Government of India with the objective of universal access to banking facilities, for all households across the country, through a bank branch, or a fixed point business correspondent/Bank Mitra, at a reasonable distance?

2022: 6 Aug Shift 1

The contribution of agriculture sector to the GDP of India is around ________ at current Prices.

Fiscal Deficit occurs when :

Solution

Related questions:

Keyboard Shortcuts

CUET General Test Past Year Questions (Topic-Wise)