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Which statement best explains Revenue deficit?

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Question ID #26886 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 4 Medium

Correct Answer: D. Excess of revenue expenditure over revenue receipts
Revenue deficit: Excess of revenue expenditure over revenue receipts

Question: Which statement best explains Revenue deficit?

A. RBI facility for absorbing liquidity without collateral

B. Index measuring changes in retail prices of a basket of consumer goods and services

C. External reserve assets held by the central bank

D. Excess of revenue expenditure over revenue receipts

Correct Answer: D. Excess of revenue expenditure over revenue receiptsRevenue deficit: Excess of revenue expenditure over revenue receipts

Which statement best explains Revenue deficit? - MCQ Explanation

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Correct answer: D. Excess of revenue expenditure over revenue receipts