Bissoy.com
Doctors Medicines MCQs Q&A

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017?

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017? Correct Answer 3.20%

Finance minister Arun Jaitley revised his fiscal deficit target for 2018-19 to 3.3% of the gross domestic product (GDP) against the earlier target of 3%, after breaching the deficit target for 2017-18 which was 3.20.

Related Questions

In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: The latter is the total debt accumulated over years of deficit spending. B: A fiscal deficit is a shortfall in a government's income compared with its spending.  C: A fiscal deficit is calculated as a percentage of gross domestic product (GDP), or simply as total dollars spent in excess of income.  D: A fiscal deficit is different from fiscal debt.
Consider the following statements in the context of Indian Public Finance: 1. The fiscal deficit is the excess of total budget expenditure over total budget receipts including borrowings during a fiscal year 2. The upward trend in the ratio of Fiscal deficit to GDP has an adverse effect on private investment. Which of the statements given above is/are correct?
In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?
Consider the following statements about the GDP Deflator. 1. GDP deflator is the ratio of nominal GDP to real GDP. 2. GDP deflator indicates the change in the price level between the base year and the current year. 3. While calculating GDP deflator, the volume of production is considered as fixed. Which of statements given above is/are correct?
India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?
Identify the following statements and reason– Statement (A): Fiscal deficit is higher than budget deficit. Reason (R): Fiscal deficit means that government is meeting its expenses by borrowing from Reserve Bank of India and other lenders of the government. Code:
Consider the following statements: 1. Fiscal deficit shows the net borrowing of the government. 2. Revenue deficit is not a part of the fiscal deficit. Which of the above statements are correct:
In April 2017, N. K. Singh Committee recommended a fiscal deficit of how much percent of GDP by Financial Year 2022-23?
Consider the following statements: 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct?
If in a year, the gross fiscal deficit of a Government is Rs. 3,00,000 crore, revenue deficit is Rs. 1,50,000 crore and interest payment are Rs. 80,000 crore, then the primary deficit of the Government in the year is: