SSC CHSL 13 Apr 2021 Shift 3 Paper

Section: General Awareness

Question : 100 of 100

Marks: +1, -0

What was the estimation for the fiscal deficit in the financial year 2019-20?

$3.6 \%$ of GDP
$3.3 \%$ of GDP
$3.1 \%$ of GDP
$3.2 \%$ of GDP

Solution:

The estimation for the fiscal deficit in the financial year 2019-20 was

3.3 \%

of GDP. For financial year 2021-22, the government expects the fiscal deficit to be at

6.8 \%

of the GDP. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.

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