BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Economic Affairs Secretary SC Garg has announced a reduction in gross borrowing estimate for the current fiscal by____rupees.
|
7, 000 crore
|
|
50, 000 crore
|
|
10, 000 crore
|
|
70, 000 crore
|
Explanation:
Detailed explanation-1: -Budget 2023: India Targets FY24 Fiscal Deficit At 5.9%; Gross Borrowings At Rs 15.43 Lakh Crore.
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.
There is 1 question to complete.