General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.65)


The budget deficit means

[A]. the excess of total expenditure, including loans, net of lending over revenue receipts
[B]. difference between revenue receipts and revenue expenditure
[C]. difference between all receipts and all the expenditure
[D]. fiscal deficit less interest payments

Answer: Option C


No answer description available for this question.

Shahbhumesh said: (Sep 21, 2011)  
I think this is wrong answer. The answer must be option A.

Pawan Kumar said: (Mar 30, 2012)  
Option A should be right because budget deficit means something is less than what is expected, means the total money is less than the total money spent. In other words Expenditure is more then receipt.

Chhaya M. said: (Mar 28, 2013)  
The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. Also called deficit or deficit spending. Opposite of budget surplus.

Abc said: (Aug 16, 2013)  
The answer should be A because when total receipts are less than total expenditure it is called deficit budget.

When total receipts are greater than total expenditure it is called surplus budget.

When total receipts are equal to total expenditure it is called balanced budget.

Chet said: (Jan 28, 2014)  
Answer is correct as they are saying the "difference" and not the excess of receipts over expenditure.

Krishna said: (Sep 19, 2014)  
Deficit = total expenditure - total receipts.

The option must be corrected.

Sahidul Karim said: (Oct 31, 2015)  
Option A is the right answer. Because the "Difference between all receipts and all the expenditure" is simply budget which may either be deficit or surplus. So option C is not the right answer.

Sumith said: (Jul 11, 2016)  
Budget deficit means the excess of government expenditure over its revenue for a particular year or budget.

Mehra_Upendra said: (Sep 2, 2016)  
Definition: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.

Description: It is the sum of revenue account deficit and capital account deficit. If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. Similarly, if the capital disbursements of the government exceed capital receipts, it leads to capital account deficit. Budgetary deficit is usually expressed as a percentage of GDP.

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