πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which of the following statements is true about Fiscal

      Deficit? 1.Fiscal deficit is the difference between the government's total expenditure and its total revenue (including borrowings). 2.A high fiscal deficit can lead to inflation, appreciation of the currency and an increase in the debt burden.
      A Only 1 Correct Answer Incorrect Answer
      B Only 2 Correct Answer Incorrect Answer
      C Both are correct Correct Answer Incorrect Answer
      D None of the above Correct Answer Incorrect Answer

      Solution

      Fiscal deficit does not include borrowing. This may cause the currency to devalue rather than appreciate.

      Practice Next
      More Monthly Quiz General Awareness Questions
      ask-question