SarkariPYQ

SSC GD 2023 PYQ — Question 31

SSC GD Constable (English) - 31 Jan 2023 - Shift 3 • General Awareness • Q31

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The _________ refers to the excess of government’s revenue expenditure over revenue receipts.

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Correct answer: C

Explanation

The Correct answer is option 3 i.e. revenue deficit

 

  • Revenue deficit refers to the excess of government's revenue expenditure over its revenue receipts during a particular fiscal year.
  • In simpler terms, revenue deficit occurs when a government's day-to-day expenses, such as salaries, subsidies, and interest payments, exceed its revenue sources, such as tax revenues, non-tax revenues, and grants.