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Consider the following statements : A. Revenue deficit is fiscal deficit minus the interest payments. B. Fiscal deficit is the difference between the government's total expenditure and its total receipts excluding borrowing. C. When a government spends more than it collects by way of revenue, it incurs a budget surplus. How many of the above statement/statements is/are correct?
Correct Answer: (a)
Official keyThis question appeared in the KPSC Prelims 2024 examination (GS). It is Question 98 out of 200 questions in this paper.
This question was part of the KPSC Prelims 2024 (GS). The KPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all KPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.