GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is the amount of Funds borrowed by the government to meet the expenditures?
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Fiscal policy
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Fiscal Deficit
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Public finance
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Current account
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Explanation:
Detailed explanation-1: -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-2: -Fiscal Deficit = Budget Expenditure – Budget Receipts (excluding borrowings) Revenue Deficit = Revenue expenditure – Revenue receipts. 26-Feb-2023
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