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प्रश्न
Distinguish between revenue deficit and fiscal deficit.
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उत्तर
| Sr. No. | Basis of difference | Revenue deficit | Fiscal deficit |
| 1. | Meaning | Excess of revenue expenditure of the government over its revenue receipts. | Excess of the total budget expenditure over total budget receipts net of borrowings. |
| 2. | Significance | The regular receipts of the government are not enough to meet its regular expenditures. | The borrowings of the government, i.e., the debt capital receipts of the government. |
| 3. | Formula | Revenue deficit = Revenue expenditure − Revenue receipts | Fiscal deficit = Total budget expenditure − (Total budget receipts − borrowings) i.e. Fiscal deficit = Borrowings |
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संबंधित प्रश्न
Define fiscal deficit.
Define revenue
‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.
Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100 (a) Find the equilibrium level of income and the autonomous expenditure multiplier in the model. (b) If government expenditure increases by 30, what is the impact on equilibrium income? (c) If a lump-sum tax of 30 is added to pay for the increase in government purchases, how will equilibrium income change?
Explain the relation between government deficit and government debt.
What do you understand by G.S.T?
Answer the following question.
In the given figure, what does the gap 'KT' represent? State any two fiscal measures to correct the situation.
Suppose you are a member of the "Advisory Committee to the Finance Minister of India". The Finance Minister is concerned about the rising Revenue Deficit in the budget.
Suggest anyone measure to control the rising Revenue Deficit of the government.
Fiscal deficit = ______.
| S. No. | Content | Rs (in crores) |
| 1. | Revenue Expenditure | 100 |
| 2. | Capital Receipts | 40 |
| 3. | Net Borrowings | 38 |
| 4. | Net Interest Payments | 27 |
| 5. | Tax Revenue | 50 |
| 6. | Non-tax Revenue | 15 |
Which of the following is the formula for revenue deficit?
Assertion (A): Fiscal deficit is measured in terms of borrowings.
Reason (R): External borrowings increases the Fiscal deficit.
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as
What is relation between government deficit and government debt?
______ are the transactions between the residents of two countries that take place due to consideration of profit.
______ are those transactions that are undertaken to cover deficit or surplus in autonomous transactions.
Identify the correctly matched pair of the items in Column A to those in Column B:
| Column A | Column B | ||
| 1 | Fiscal Deficit | (a) | Other than interest payments |
| 2 | Primary Deficit | (b) | Borrowings less interest payments |
| 3 | Revenue Deficit | (c) | Borrowings |
| 4 | Tax Deficit | (d) | Borrowings in government budget |
Compare the trends depicted in the figures given below:
| Figure 1: Trends in Fiscal deficit and Primary deficit |
Figure 2: Fiscal deficit as a percent of Budget estimate |
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On the basis of the given information, calculate the value of:
- Fiscal deficit
- Primary deficit
| S.No. | Items | 2021-22 (₹ in crore) |
| (i) | Revenue Receipts | 20 |
| (ii) | Capital Expenditure | 15 |
| (iii) | Revenue Deficit | 10 |
| (iv) | Non-debt creating capital receipts | 50% of revenue receipts |
| (v) | Interest Payments | 4 |
