New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the Revenue Deficit (RD) target for the FY

    2018-19, in the recently introduced budget?
    A 2.6% Correct Answer Incorrect Answer
    B 2.5% Correct Answer Incorrect Answer
    C 2.3% Correct Answer Incorrect Answer
    D 2.2% Correct Answer Incorrect Answer
    E 2.0% Correct Answer Incorrect Answer

    Solution

    Projected Revenue Deficit for FY 2018-19 is 416034 crore or 2.2% of GDP. Our Revenue Deficit in FY 2017-18 was 2.6%of GDP. The difference between revenue expenditure and revenue receipt is known as revenue deficit. It shows the shortfall of government's current receipts over current expenditure.

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