Question : ________________ gives a warning signal to the government to either curtail its expenditure or increases its revenue.
Option 1: Capital deficit
Option 2: Revenue deficit
Option 3: Revenue expenditure
Option 4: Revenue receipts.
Answer (1)
24th Jan, 2024
Correct Answer:
Revenue deficit
Solution : A high revenue deficit gives a warning signal to the government to either curtail its expenditure or increases its revenue. Government should take serious steps to reduce its expenditure and to increase its receipt from various sources of tax and nontax revenue.
Hence, Option B is correct.
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