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      Question

      What is the fiscal deficit target for FY 2023-2024, and by when is it planned to be reduced to 4.5%?

      A 5.5% of GDP, by 2024-25 Correct Answer Incorrect Answer
      B 5.9% of GDP, by 2025-26 Correct Answer Incorrect Answer
      C 6.0% of GDP, by 2024-25 Correct Answer Incorrect Answer
      D 6.5% of GDP, by 2025-26 Correct Answer Incorrect Answer
      E 7.0% of GDP, by 2024-25 Correct Answer Incorrect Answer

      Solution

      The fiscal deficit target for FY 2023-2024 is set at 5.9% of GDP, with a plan to reduce it to 4.5% by the fiscal year 2025-26. This reflects the government's fiscal strategy to gradually reduce the deficit while supporting economic recovery and growth.

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