{"id":21409,"date":"2024-04-15T06:05:50","date_gmt":"2024-04-15T06:05:50","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=21409"},"modified":"2024-04-15T06:05:50","modified_gmt":"2024-04-15T06:05:50","slug":"fiscal-deficit-in-the-union-budget-means-a-the-difference-between-current-expenditure-and-current-revenue-b-net-increase-in-union-governments-borrowings-from-the-reserve-bank-of-india-c-the-sum-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/fiscal-deficit-in-the-union-budget-means-a-the-difference-between-current-expenditure-and-current-revenue-b-net-increase-in-union-governments-borrowings-from-the-reserve-bank-of-india-c-the-sum-of\/","title":{"rendered":"Fiscal deficit in the Union Budget means A. the difference between current expenditure and current revenue B. net increase in Union Governments borrowings from the Reserve Bank of India C. the sum of budgetary deficit and net increase in internal and external borrowings D. the sum of monetized deficit and budgetary deficit"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9846e750147\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    the difference between current expenditure and current revenue                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    net increase in Union Governments borrowings from the Reserve Bank of India                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    the sum of budgetary deficit and net increase in internal and external borrowings                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    the sum of monetized deficit and budgetary deficit                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: C. the sum of budgetary deficit and net increase in internal and external borrowings.<\/p>\n<p>Fiscal deficit is the difference between the government&#8217;s total expenditure and total revenue. It is a measure of the government&#8217;s borrowing requirement. The budgetary deficit is the difference between the government&#8217;s total expenditure and total revenue excluding net lending. Net lending is the difference between the government&#8217;s lending and borrowing. The net <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n       <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> increase in internal and external borrowings is the difference between the government&#8217;s total borrowing and total repayments.<\/p>\n<p>Therefore, the fiscal deficit is the sum of the budgetary deficit and the net increase in internal and external borrowings.<\/p>\n<p>Option A is incorrect because it only considers current expenditure and current revenue. It does not take into account capital expenditure or net lending.<\/p>\n<p>Option B is incorrect because it only considers borrowings from the Reserve Bank of India. It does not take into account borrowings from other sources, such as commercial banks and the public.<\/p>\n<p>Option D is incorrect because it only considers the monetized deficit and the budgetary deficit. It does not take into account the net increase in internal and external borrowings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[207],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fiscal deficit in the Union Budget means A. the difference between current expenditure and current revenue B. net increase in Union Governments borrowings from the Reserve Bank of India C. the sum of budgetary deficit and net increase in internal and external borrowings D. the sum of monetized deficit and budgetary deficit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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