CSE-2019 | Prelims Daily Quiz 48

Daily Quiz for Civil Services Preliminary Examination 2019

Question:

Consider the following statements about fiscal deficit that have recently been in news:

1. Lower non-tax revenue will result in the government likely missing its fiscal deficit target for the year.

2. Fiscal deficit in FY19 is estimated to be ₹6.24 lakh crore.

3. Fiscal deficit as a percentage of GDP has been more than 3 % for three consecutive years ( 2017-19)

 

Choose the correct statement/s from the codes given below:

A) 1 only

B) 1 and 3 only

C) 2 and 3 only

D) 1, 2 and 3

Correct Answer

B) 1 and 3 only

Explanation for the Correct Answer
  • Lower than expected indirect tax and non-tax revenue will result in the government likely missing its fiscal deficit target for the year.
  • Fiscal deficit in FY19 is estimated to be ₹6.67 lakh crore as against the budgeted ₹6.24 lakh crore.
  • FY19 will be the third consecutive year in which fiscal deficit/GDP will be 3.5%.

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