BPSC (Bihar PCS) 2020 · Question 99 of 150

Revenue deficit in India implies that

Modern History

Athe Indian Government needs to borrow in order to finance its expenses which will create capital assets
Bthe Indian Government needs to borrow in order to finance its expenses which do not create Capital assetsCorrect
Cthe Indian Government needs to borrow from the Reserve Bank of India against government Securities
Dthe Indian Government needs to borrow from international financial institutions
ENone of the above/More than one of the above 113. Which of the following countries is India's top trading partner in 2019-20? a. USA b. China c. UAE d. Saudi Arabia e. None of the above/More than one of the above

Answer: B. the Indian Government needs to borrow in order to finance its expenses which do not create Capital assets

Explanation

Understanding Revenue Deficit in India A revenue deficit in India signifies a critical aspect of the government's fiscal health. It specifically addresses the gap between the government's regular income and its regular spending. Defining Revenue Deficit The concept of a Revenue Deficit arises when t

Source: prepp.in

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