Question
The concept which tries to ascertain the actual deficit in the revenue account after adjusting for expenditure of capital nature is termed as
Answer: Option C
Answer: (c)
Effective Revenue Deficit is basically a revenue deficit excluding expenditure on capital generation from grants from the Centre to the states.
It signifies the number of capital receipts that are being used for the actual consumption expenditure of the Government.
It is a new term introduced in the Union Budget 2011-12. It has now become a new fiscal parameter.
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Answer: (c)
Effective Revenue Deficit is basically a revenue deficit excluding expenditure on capital generation from grants from the Centre to the states.
It signifies the number of capital receipts that are being used for the actual consumption expenditure of the Government.
It is a new term introduced in the Union Budget 2011-12. It has now become a new fiscal parameter.
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