Question : In a government budget, revenue receipts is Rs.1500 crore and revenue expenditure is Rs. 1800 crore. How much is the revenue deficit?
Option 1: 1000
Option 2: 320
Option 3: 300
Option 4: 440
Correct Answer:
300
Solution :
Revenue deficit= Revenue expenditure - Revenue receipts
Revenue deficit= 1500-1800
Revenue deficit= Rs. 300 crore
Hence, Option C is correct.