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    Question

    India's fiscal deficit between April and October in the

    current financial year (FY24) touched 45 per cent of the Centre's 2023-24 target of Rs 17.87 trillion. How much did the revenue gap  come out to be in the current year?
    A Rs.2.8 trillion Correct Answer Incorrect Answer
    B Rs.3.1 trillion Correct Answer Incorrect Answer
    C Rs.3.6 trillion Correct Answer Incorrect Answer
    D Rs.4.2 trillion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    India's fiscal deficit between April and October in the current financial year (FY24) touched 45 per cent of the Centre's 2023-24 target of Rs 17.87 trillion. In the corresponding period last year, the deficit was 45.6 per cent of the budget estimates for 2022-23. According to the latest estimates, the revenue gap was Rs 2.8 trillion, as compared to Rs 3.85 trillion in the same period last year. The government spending jumped to Rs 23.94 trillion, higher as compared to Rs 21.44 trillion earlier.

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