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Which statement best explains Fiscal deficit?

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Question ID #26416 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains Fiscal deficit?

Correct Answer: B. Excess of total expenditure over total non-debt receipts of government
Fiscal deficit: Excess of total expenditure over total non-debt receipts of government

Question: Which statement best explains Fiscal deficit?

A. Official downward adjustment of currency value under a fixed or managed exchange-rate regime

B. Excess of total expenditure over total non-debt receipts of government

C. Sustained rise in the general price level

D. GDP measured at current prices

Correct Answer: B. Excess of total expenditure over total non-debt receipts of governmentFiscal deficit: Excess of total expenditure over total non-debt receipts of government

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Which statement best explains Fiscal deficit? - MCQ Explanation

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Correct answer: B. Excess of total expenditure over total non-debt receipts of government