Home › CBSE Class 12 (Arts) › Economics › Government Budget and the Economy › Since 1997-98, which deficit measure has no long…
Since 1997-98, which deficit measure has no longer been shown in India's budget?
APrimary deficit
BFiscal deficit
CBudget deficit
DRevenue deficit
Answer & Solution
Correct answer: C. Budget deficit
The practice of showing the plain budget deficit was discontinued from the 1997-98 budget.
Related questions
A high fiscal deficit need not be inflationary whenA common criticism of deficits is that they areWithout any change in fiscal policy, the budget deficit tends toDebt owed to foreigners is a real burden becauseGovernment bonds competing with corporate bonds for savings can push out private borrowersUnder Ricardian equivalence, higher government dissaving from a deficit leads toWho first argued that people save more when faced with high deficits, giving Ricardian equDeficits are a flow while government debt is a