Question
Consider the following statements regarding the Union
Budget and Fiscal Indicators: 1. The fiscal deficit represents the excess of total revenue receipts over total expenditure. 2. The primary deficit is the fiscal deficit minus interest payments. 3. The effective revenue deficit excludes grants for the creation of capital assets. Which of the above statements is/are correct?Solution
Detailed Explanation: • Statement 1: Incorrect — Fiscal deficit = Total expenditure – (Revenue + Non-debt capital receipts), not the other way around. • Statement 2: Correct — Primary deficit = Fiscal deficit – Interest payments. • Statement 3: Correct — Effective revenue deficit = Revenue deficit – Grants for capital creation, introduced to improve transparency.
Select the most appropriate meaning of the bold idiom in the given sentence.
In spite of her severe accident she took heart and moved forward....
Get your act together
Select the most appropriate meaning of the given idiom.
Eat one’s words
Study of snakes
The difficulty is trying to spot something big before it becomes a problem but not crying bee too often.
I'm sure you understand that we can't have a mere inspector still wet behind the ears running a case of this importance.
Which of the phrases given below each statement should replace the phrase printed in bold in the sentence to make it grammatically correct. If the sent...
Select the most appropriate meaning of the given idiom.
Tickled pink
Fair-weather friend
1 - Carry the can
2 - Bury the can
3 - Throw the can
4 - Dump the can
5 - None of these
