Macroeconomics: Government Budget and the Economy · Class 12 · CBSE · Commerce Economics
A government's total expenditure is ₹1,000 crore, revenue receipts are ₹650 crore and non-debt capital receipts are ₹100 crore. What is its fiscal de…
Practice question from Macroeconomics: Government Budget and the Economy (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · MCQ · Q-18E062
A government's total expenditure is ₹1,000 crore, revenue receipts are ₹650 crore and non-debt capital receipts are ₹100 crore. What is its fiscal deficit?
- A.₹150 crore
- B.₹250 croreCorrect answer
- C.₹350 crore
- D.₹750 crore
Solution
Fiscal deficit = Total expenditure − (Revenue receipts + Non-debt capital receipts). Thus, fiscal deficit = ₹1,000 − (₹650 + ₹100) = ₹250 crore.
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