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Doctors Medicines MCQs Q&A

  1. 1 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2, 3 and 4
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1 Answers

Option 3 : 1 and 3 only

The correct answer is 1 and 3 only.

  • Fiscal Deficit is defined as the difference between the total revenue and total expenditure.
  • Subsidies are a major component of government spending, and their reduction reduces the fiscal deficit. (Hence statement 3 is correct)
  • Revenue expenditure neither creates assets nor reduces the liability of the government. Unnecessary revenue expenditure increases the fiscal deficit. Hence reducing revenue expenditure has a very large effect on the fiscal deficit. (Hence statement 1 is correct)
  • Introducing new welfare schemes neither creates assets nor reduces the liability of the government and will further enhance the fiscal deficit. (Hence statement 2 is incorrect)
  • Reducing import duty will reduce tax revenue and thus increases the fiscal deficit. (Hence statement 4 is incorrect)   
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