Arrange the following union government deficits as percentage of GDP for the year 2023–24 in ascending…
The 2023-24 actual ratios are current account deficit 0.7%, effective revenue deficit 1.6%, primary deficit 2.0%, revenue deficit 2.6%, and fiscal deficit 5.6% of GDP.…
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Arrange the following union government deficits as percentage of GDP for the year 2023–24 in ascending order as per union budget 2025–26.
A. Fiscal deficit
B. Effective Revenue deficit
C. Primary deficit
D. Current Account deficit
E. Revenue deficit
Answer and explanation
Correct answer C
The 2023-24 actual ratios are current account deficit 0.7%, effective revenue deficit 1.6%, primary deficit 2.0%, revenue deficit 2.6%, and fiscal deficit 5.6% of GDP. Therefore D, B, C, E, A (local C). The first two codes put fiscal deficit before smaller deficits; the fourth reverses effective revenue and primary deficits. Current account deficit is an external-sector balance, rather than a Union-government budget deficit.
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UGC NET Economics