Union Budget 2024-25: fiscal deficit MCQ - Practice Questions with Answers

For this paper, the official key follows the Budget 2024-25 estimate that placed the fiscal deficit for 2024-25 at 5.1% of GDP. A fiscal deficit shows the gap between the government's total expenditure and its receipts, excluding borrowings. The figure 5.5% was not the Budget 2024-25 estimate for 2024-25. The figure 5.8% relates to the higher deficit level around the revised estimate context, not the asked estimate. The figure 4.9% belongs to the later full-Budget context, but the official CET key retains 5.1%.