Consider statements about Union Govt finances: 1. Fiscal deficit 9.2% in FY21. 2. Fiscal deficit 7.7% in FY22. 3. Revenue collection went down in last 2 years. Correct?

Only 1

1 and 2

2 and 3

None

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BPSC Prelims

2023 • 30 Sep, 2023 • General

Consider statements about Union Govt finances: 1. Fiscal deficit 9.2% in FY21. 2. Fiscal deficit 7.7% in FY22. 3. Revenue collection went down in last 2 years. Correct?

Correct Answer

Only 1

FY21 (Pandemic): Fiscal Deficit reached 9.2% (Revised Estimates). (Statement 1 Correct). FY22: Fiscal Deficit was 6.7% (Not 7.7%). (Statement 2 Incorrect). Re......

💡 Analysis & Explanation

FY21 (Pandemic) ▼

Fiscal Deficit reached 9.2% (Revised Estimates). (Statement 1 Correct).

FY22 ▼

Fiscal Deficit was 6.7% (Not 7.7%). (Statement 2 Incorrect).

Revenue ▼

Revenue collection has increased (GST records etc.), not gone down. (Statement 3 Incorrect).

Answer ▼

Only 1.

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Consider statements about Union Govt finances: 1. Fiscal deficit 9.2% in FY21. 2. Fiscal deficit 7.7% in FY22. 3. Revenue collection went down in last 2 years. Correct?