BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.4%
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3.20%
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3.00%
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3.60%
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Detailed explanation-1: -“The FY 2018-19 has ended with fiscal deficit at 3.4 per cent of GDP and debt to GDP ratio of 44.5 per cent (Provisional).
Detailed explanation-2: -2.8 As per the revised estimates for 2018-19, states’ fiscal deficit at 2.9 per cent of GDP was higher by 34 basis points than the budget estimates (BE).
Detailed explanation-3: -“Real GDP or GDP at constant (2011-12) prices for the years 2019-20 and 2018-19 stands at Rs 145.69 trillion and Rs 140.03 trillion, respectively, showing a growth of 4.0 per cent during 2019-20 and 6.5 per cent during 2018-19, ” National Statistical Office said in revised national account data.
Detailed explanation-4: -The government has budgeted fiscal deficit to be ₹16.61 lakh crore or 6.4 per cent of the GDP in the current year ending March 2023. The deficit is funded by market borrowings.
Detailed explanation-5: -Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was be Rs 15, 86, 537 crore (provisional). The revenue deficit at the end of 2021-22 was 4.37 per cent.