“It is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year” – describes which of the following? |ForumIAS

Q. “It is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year” – describes which of the following?

[A] Fiscal deficit

[B] Revenue deficit

[C] Primary deficit

[D] Effective revenue deficit

Answer: A

Notes:

Explanation: Fiscal deficit is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year.

Source: Ramesh Singh

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS