Revenue deficit is calculated as: MCQ with Answer and Explanation

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Revenue deficit is calculated as:

A. revenue expenditure minus revenue receipts

B. total expenditure minus total receipts

C. revenue receipts minus revenue expenditure

D. fiscal deficit minus primary deficit

Answer: Option A

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 'World Bank' publishes which report?

A. World Development Report

B. World Happiness Report

C. World Economic Outlook

D. Global Financial Stability Report

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Correct Answer: Option A

Explanation:
World Bank publishes World Development Report.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Vote on Account' is generally taken for a period of:

A. five years

B. three years

C. one year

D. two months or up to six months

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Correct Answer: Option D

Explanation:
Vote on Account authorizes expenditure for part of the year, generally two months.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Industrial Corridor Development Programme' aims to:

A. expand railway passenger services

B. develop industrial corridors and smart cities

C. build residential colonies

D. promote agriculture

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Correct Answer: Option B

Explanation:
National Industrial Corridor Development Programme develops industrial corridors and smart industrial cities.

This question belongs to: Economy GK Economy Set 1

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