Consider the data about a government budget and answer the following:
What is revenue deficit?
Answer & explanation
Correct answer: option 4
The correct answer is Option 4: ₹ 20,000 crores
Revenue deficit = Revenue expenditure – Revenue receipts
Revenue deficit = ₹ 70,000 crores – ₹ 50,000 crores
Revenue deficit = ₹ 20,000 crores