For the Union Budget of 2015-16, arrange the following in the ascending order of their percentage in…
The 2015-16 Budget estimates as percentages of GDP were: primary deficit 0.7, effective revenue deficit 2.0, revenue deficit 2.8 and fiscal deficit 3.9. The ascending order…
Choose your answer
For the Union Budget of 2015-16, arrange the following in the ascending order of their percentage in GDP :
(i) Revenue deficit
(ii) Effective revenue deficit
(iii) Primary deficit
(iv) Fiscal deficit
Answer and explanation
Correct answer A
The 2015-16 Budget estimates as percentages of GDP were: primary deficit 0.7, effective revenue deficit 2.0, revenue deficit 2.8 and fiscal deficit 3.9. The ascending order is therefore (iii), (ii), (i), (iv); the other codes reverse at least one of these comparisons.
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UGC NET Economics