Fiscal deficit is the difference between the government’s total expenditure and its total receipt, including borrowings.

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A False

Suggest Corrections

Similar questions

Which among the following statements are correct about various budgetary deficits in India?

Codes :

List-I (Type of budget deficit)	List-II (Measurement of deficit)
A. Revenue Deficit	$1$ . Gap between total expenditure and total receipts
B. Fiscal Deficit	$2$ . Excess of revenue expenditure over revenue receipts
C. Primary Deficit	$3$ . Fiscal deficit less interest payments
D. Budgetary Deficit	$4$ . Difference between revenue receipts plus certain non-debt capital receipts and the total expenditure including loans, net of repayments

List I (Term)	List II (Explanation)
A. Fiscal deficit	1. Excess of total expenditure over receipts
B. Budget deficit	2. Excess of revenue expenditure
C. Revenue deficit	3. Excess of total expenditure over total receipts less borrowings
D. Primary deficit	4. Excess of total expenditure over total receipts less borrowings and interest payments

Find fiscal deficit, given the following information:

Items (Rs)

(i) Estimated total expenditure of the government 1,50,000

(ii) Revenue receipts 1,20,000

(iii) Non-debt capital receipts 10,000

Join BYJU'S Learning Program