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Question : Which of the following is the best estimate of the total borrowings by the government?

Option 1: Primary Deficit

Option 2: Revenue Receipts

Option 3: Money Supply

Option 4: Fiscal Deficit


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: Fiscal Deficit


Solution : The correct answer is Fiscal Deficit.

A fiscal deficit is a key indicator of a government's borrowing. It represents the difference between the government's total expenditure and revenue (excluding borrowings).

In other words, it's the shortfall between what the government earns (from sources like taxes and non-debt capital receipts) and what it spends. To cover this deficit, the government often resorts to borrowing, both internal and external.

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