Question

As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit?

A Excess of government’s disbursement comprising current and capital expenditures over its current receipts (tax/non-tax receipts)
B The gap between the actual borrowings of the Government of India and the expected expenditure for which provision is made in the budget
C The gap between projected or estimated GDP and actual GDP
D 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
E None of the above

Answer & Explanation

Answer: Option [A]