Start learning →

From which budget did India stop showing the 'budget deficit' as a separate measure?

A2004-05
B1997-98
C1991-92
D2001-02
Answer & Solution
Correct answer: B. 1997-98
1. Budget deficit was total expenditure minus total receipts. 2. India moved to fiscal, revenue and primary deficit as the reported measures. 3. The practice of showing budget deficit was discontinued from the **1997-98** budget. 4. 1991-92 is the year of the liberalisation reforms, which is why it is the tempting wrong answer. _Source: syllabus Introductory Macroeconomics, Ch 5 "Government Budget and the Economy", section 5.2 BALANCED, SURPLUS AND DEFICIT BUDGET_
Practise this question with Quill — IBPS Clerk →

Keep practising Government Budget

Browse all Government Budget questions for IBPS Clerk, or explore more Financial Awareness topics.

Start a Government Budget lesson →
Related questions