Revenue deficit is calculated as: MCQ with Answer and Explanation

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Revenue deficit is calculated as:

A. fiscal deficit minus primary deficit

B. revenue expenditure minus revenue receipts

C. revenue receipts minus revenue expenditure

D. total expenditure minus total receipts

Answer: Option B

Solution (By JKSSB Mock Tests)

Revenue deficit is revenue expenditure minus revenue receipts.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on air freight is:

A. 18%

B. 5%

C. 12%

D. 28%

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Correct Answer: Option A

Explanation:
Air freight services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Census of India' is conducted every how many years?

A. 20

B. 10

C. 15

D. 5

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Correct Answer: Option B

Explanation:
The Census of India is conducted every 10 years.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'consumer price index' for rural and urban areas separately is compiled by:

A. Ministry of Finance

B. National Statistical Office

C. RBI

D. Labour Bureau

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Correct Answer: Option B

Explanation:
CPI-Rural and CPI-Urban are compiled by the NSO.

This question belongs to: Economy GK Economy Set 1

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