[amp_mcq option1=”Fiscal Deficit” option2=”Revenue Deficit” option3=”Current Account Deficit” option4=”Trade Deficit” correct=”option1″]<\/p>\n
The correct answer is: A) Fiscal Deficit.<\/p>\n
Fiscal deficit is the gap between government revenue and expenditure. It is calculated by taking the total government expenditure and subtracting the total government revenue. A fiscal deficit occurs when the government spends more money than it takes in.<\/p>\n
Revenue deficit is the gap between government revenue and non-debt creating capital receipts. It is calculated by taking the total government revenue and subtracting the total non-debt creating capital receipts. A revenue deficit occurs when the government’s revenue is not enough to cover its non-debt creating capital expenditure.<\/p>\n
Current account deficit is the gap between a country’s exports and imports of goods and services. It is calculated by taking the total value of a country’s exports and subtracting the total value of its imports. A current account deficit occurs when a country imports more goods and services than it exports.<\/p>\n
Trade deficit is the gap between a country’s exports and imports of goods. It is calculated by taking the total value of a country’s exports and subtracting the total value of its imports of goods. A trade deficit occurs when a country imports more goods than it exports.<\/p>\n
Fiscal deficit is a more comprehensive measure of a government’s financial position than revenue deficit or trade deficit. This is because it takes into account all of the government’s revenue and expenditure, including both current and capital expenditure. Revenue deficit and trade deficit are only measures of a government’s financial position in the short term. They do not take into account the government’s long-term financial position.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Fiscal Deficit” option2=”Revenue Deficit” option3=”Current Account Deficit” option4=”Trade Deficit” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[994],"tags":[],"class_list":["post-66705","post","type-post","status-publish","format-standard","hentry","category-telangana-and-karnataka-gk-mcq","no-featured-image-padding"],"yoast_head":"\n