The term 'Financial Deficit' is related to which ministry of the Government of India?

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  1. Finance
  2. Defence
  3. Home Ministry
  4. Agriculture

Answer (Detailed Solution Below)

Option 1 : Finance
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The correct answer is Finance.

  • The term 'Financial Deficit' is related to the Finance Ministry of the Government of India.
  • Fiscal Deficit:
    • It is the difference between total expenditure (revenue, capital, and loans net a repayment) and the revenue receipts plus those capital receipts which are not in the form of borrowings but which in the end accrue to the government.
    • The term is related to the Finance Ministry of the Government of India.
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