Economics · Economy
What is meant by the term 'Fiscal Deficit'?
- 1The excess of total exports over total imports of a country
- 2The excess of total government expenditure over its total non-borrowed revenue✓
- 3The gap between private sector investment and savings
- 4The reduction in the total value of national gold reserves
Correct answer
The excess of total government expenditure over its total non-borrowed revenue
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy