Solved UPSC CDS/OTA Question
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Q · Budget and Its TypesMedium · 45s
The term ‘Fiscal Deficit’ refers to:
TopicBudget and Its Types
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Fiscal Deficit = Total expenditure – (Revenue Receipts + Non-debt Capital Receipts). It indicates the total borrowing needs of the government.
Final Answer: Option A — Excess of total expenditure over total receipts, excluding borrowings.