The fiscal deficit of the Central Government in India as percentage of GDP in 2006–2007 stood at:
The central government's fiscal deficit for 2006–07 was approximately 3.4% of GDP in the contemporary fiscal series. Fiscal deficit equals total expenditure less non-debt…
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The fiscal deficit of the Central Government in India as percentage of GDP in 2006–2007 stood at:
Answer and explanation
Correct answer B
The central government's fiscal deficit for 2006–07 was approximately 3.4% of GDP in the contemporary fiscal series. Fiscal deficit equals total expenditure less non-debt receipts, divided by GDP for this ratio. The 1.4%, 5.4% and 4.1% alternatives do not match that recalled year-specific figure.
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UGC NET Economics