2 Views

Question : Which of the following expressions is correct regarding the Gross fiscal deficit?

Option 1: Gross fiscal deficit = Net borrowing at home - Borrowing from RBI + Borrowing from abroad

Option 2: Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad

Option 3: Gross Fiscal deficit = Net borrowing at home + Borrowing from RBI - Borrowing from abroad

Option 4: Gross fiscal deficit = Net borrowing at home - Borrowing from RBI - Borrowing from abroad


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad


Solution : The correct option is Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

This measure reflects the shortfall of the government's total spending compared to its total revenue, excluding borrowings. It is used to assess a government's fiscal responsibility, and its ability to meet its financial obligations.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books