Question : In a government budget, total receipts is Rs.9500 crore and total expenditure excluding borrowings is Rs. 6100 crore. How much is the fiscal deficit?
Option 1: 1000
Option 2: 3620
Option 3: 3400
Option 4: 4030
Correct Answer:
3400
Solution :
Fiscal deficit= total expenditure - total receipts
Fisc deficit= 9500-6100
Fiscal deficit= Rs. 3400 crore
Hence, Option C is correct.