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SSC CHSL 2021 PYQ — Question 37

SSC CHSL - 13 April 2021 - Shift 3 • General Awareness • Q37

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What was the estimation for the fiscal deficit in the financial year 2019-20?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. 3.3% of GDP.

  • The fiscal deficit at the end of December in 2019-20 stood at Rs 11,58,469 crore which was 3.3% of GDP.
  • Fiscal deficit occurs when the government spends more than its total income.
  • It is calculated by subtracting the total income from the total expenditure and is expressed in absolute terms or as a percentage of the GDP.