1 View

Question : What was the impact of the expansion of the state sector on India's fiscal deficit during the initial Five-year Plans?

 

Option 1: It led to a significant reduction in the fiscal deficit.

Option 2: It had no impact on the fiscal deficit.

Option 3: It contributed to an increase in the fiscal deficit.

Option 4: It resulted in a balanced budget.


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: It contributed to an increase in the fiscal deficit.


Solution : The expansion of the state sector during the initial Five-year Plans contributed to an increase in India's fiscal deficit, as the government's expenditure on public sector enterprises and infrastructure projects exceeded its revenues.

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates and judiciaries
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amity University Noida MBA Ad...
Apply
Amongst top 3% universities globally (QS Rankings) | Ranked among top 10 B-Schools in India by multiple publications
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
MAHE Online MBA
Apply
Apply for Online MBA from Manipal Academy of Higher Education (MAHE)
FLAME University | MBA 2026
Apply
NAAC A++ Grade | MBA program graded A** (National) by CRISIL | AACSB, ACBSP and BGA Member
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books