Rank the following budget deficits of India for the year of 2024-25 in descending order of their size :…
The descending order of size for 2024-25 is "(IV), (I), (III) and (II)". According to the Union Budget's Deficit Statistics for 2024-25 (Revised Estimates), the deficits as…
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Rank the following budget deficits of India for the year of 2024-25 in descending order of their size :
(I) Revenue Deficit
(II) Effective Revenue Deficit
(III) Primary Deficit
(IV) Fiscal Deficit
Answer and explanation
Correct answer C
The descending order of size for 2024-25 is "(IV), (I), (III) and (II)". According to the Union Budget's Deficit Statistics for 2024-25 (Revised Estimates), the deficits as a share of GDP in descending order are Fiscal Deficit (4.8%), Revenue Deficit (1.9%), Primary Deficit (1.3%), and Effective Revenue Deficit (1.0%).
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RPSC Assistant Professor (College Education)