In India, fiscal deficit shot up from 2*5 per cent of Gross Domestic Product (GDP) in 2007 - 08 to 6*0 per cent of GDP in 2008 - 09 (global recession year) because, as a ratio of GDPrevenue receipts rose faster than revenue expenditure revenue receipts fell and revenue expenditure on subsidies rosecapital receipts rose while revenue receipts fellrevenue receipts and non-debt receipts fell while revenue expenditure shot up

Submitted by examrobotsa on Thu, 01/01/1970 - 05:30

question_subject:

Economics

stats:

0,264,408,120,264,24,264

Similar Questions

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Match List I with List II and select the correct answer using the codes given below the Lists

List I (Term)	List II (Explanation)
I. Fiscal deficit	(A) Excess of Total Expenditure over Total Receipts
II. Budget deficit	(B) Excess of Revenue Expenditure over Revenue Receipts
III. Revenue deficit	(C) Excess of Total Expenditure over Total Receipts less borrowings
IV. Primary deficit	(D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

I-C, II-A, III-B, IV-D

I-D, II-C, III-B, IV-A

I-A, II-C, III-B, IV-D

I-C, II-A, III-D, IV-B

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