JPSC 2021 · Question 115 of 198

In India's Union Budget, Fiscal deficit means

Indian Economy

ASum of monetized deficit and budgetary deficit
BNet increase in Union Government's borrowing from the Reserve Bank of India.
CDifference between current expenditure and current revenue.
DThe difference between total revenue and total expenditure of the government.Correct

Answer: D. The difference between total revenue and total expenditure of the government.

Explanation

Fiscal deficit is the excess of total expenditure over total receipts (excluding borrowings) - the gap between total revenue and total expenditure.

Source: JPSC Combined Civil Services (PT) 2021 (Advt 01/2021, held 19 Sep 2021), GS Paper-I (General Studies), Booklet Series-A; answers per official REVISED answer key (published 08 Oct 2021 on jpsc.gov.in, via JagranJosh), each cross-checked against factual records; Paper-I Q17.

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