New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

This question obtained (1) Marks: 

The gross fiscal deficit is  

A Total expenditure less total revenue receipts. Correct Answer Incorrect Answer
B Total borrowings less repayment of past debt. Correct Answer Incorrect Answer
C Revenue expenditures less total revenue receipts. Correct Answer Incorrect Answer
D Total expenditure less payment of interest. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Solution Gross fiscal deficit is the excess of total expenditure over total revenue receipts of a country. Symbolically, Gross fiscal deficit = Total expenditure –Total Revenue receipts.

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