Multiple choice

_____ concept of Budget deficit has become practically redundant in India.

  1. Fiscal deficit

  2. Budgetary deficit

  3. Primary deficit

  4. Revenue deficit

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Budgetary deficit (budget deficit minus borrowings) became redundant in India as the government now follows a system where gap is primarily met through borrowing, making this conceptual distinction obsolete. Fiscal deficit, revenue deficit, and primary deficit remain the key concepts used in budget analysis and policy discussions.

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