Question : What is the safe limit of fiscal deficit?
Option 1: 4% of GDP
Option 2: 6% of GDP
Option 3: 3% of GDP
Option 4: 2% of GDP.
Answer (1)
21st Jan, 2024
Correct Answer:
3% of GDP
Solution :
The safe limit of fiscal deficit is considered 3% of GDP. A high fiscal deficit is bad for the economy.
Hence, Option C is correct.
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