21. Fiscal deficit in the Union Budget means A. the difference between current expenditure and current revenue B. net increase in Union Governments borrowings from the Reserve Bank of India C. the sum of budgetary deficit and net increase in internal and external borrowings D. the sum of monetized deficit and budgetary deficit Answer: C.
This is the Part 1 general knowledge questions and answers section on “Indian Economy” with explanation for various interview, competitive examination and entrance test. Solved examples with detailed answer description, explanation are given and it would be easy to understand. 1. One of the reasons for India’s occupational structure remaining more or less the same