Question : Which of the following is a measure of the size of the government budget?
Option 1: Fiscal deficit
Option 2: Revenue deficit
Option 3: Capital receipts
Option 4: Revenue deficit
Answer (1)
22nd Jan, 2024
Correct Answer: Fiscal deficit
Solution : The correct answer is (a) Fiscal deficit.
The fiscal deficit is a measure of the difference between the government's total expenditure and its total revenue in a given period. It indicates the extent to which the government needs to borrow money to finance its expenses.
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