BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross Deficit
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Monetary Deficit
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Fiscal Deficit
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Net Deficit
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Detailed explanation-1: -Definition: The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While calculating the total revenue, borrowings are not included.
Detailed explanation-2: -Fiscal deficit is the difference between the total revenue and total expenditure of a government in a financial year. Fiscal deficit arises when the expenditure of a government is more than the revenue generated by the government in a given fiscal year.
Detailed explanation-3: -How Is Revenue Deficit Different From Fiscal Deficit? A revenue deficit records the difference between the projected amount of income and what the income actually was. A fiscal deficit is when a government is spending beyond its means, or there is a shortfall in income compared with spending.