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Economy - Current Affairs and GK

Q1:

What is the fiscal deficit as a percentage of the full-year target for the April-August period in FY24?

A 32%

B 34%

C 36%

D 38%

ANS:C - 36%

The fiscal deficit is the difference between the government's revenue and expenditure. It is expressed as a percentage of GDP. India's fiscal deficit target for FY24 is 5.9% of GDP. However, the fiscal deficit for the April-August period in FY24 stood at Rs 6.42 trillion, which is 36% of the full-year target. This indicates that the government is on track to exceed its fiscal deficit target for the year.