BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The gap between projected of estimated GDP and actual GDP
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The gap between the total number and value of the currency notes issued by the RBI uptill now over the number and value of those which are in actual circulation
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The gap between the actual borrowings of the Government of India and the expected expenditure for which provision is made in the budget
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Excess of government’s disbursement comprising current and capital expenditures over its current receipts (tax/non-tax receipts)
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Detailed explanation-1: -Q. Fiscal deficit is the difference between the government’s total expenditure and its total receipt, including borrowings.
Detailed explanation-2: -’ A fiscal deficit is a difference between a government’s total revenue and expenses in a given fiscal year. It indicates the extent to which a government relies on borrowing to finance its spending. A fiscal deficit can be funded by issuing government bonds, increasing taxes, or running down foreign exchange reserves.
Detailed explanation-3: -Understanding Fiscal Deficit This shortfall or gap between the two is called the fiscal deficit. It can occur due to a major rise in the capital expenditure required for creating long term assets or providing financial assistance to poor farmers, labourers and other vulnerable sections of the society.
Detailed explanation-4: -Description: The gross fiscal deficit (GFD) is the excess of total expenditure including loans net of recovery over revenue receipts (including external grants) and non-debt capital receipts.