Q1. As per the Budget 2024-25, the fiscal deficit is estimated to remain ________ of GDP in 2024-25.
A 5.1% Correct
B 5.5%
C 5.8%
D 4.9%
Explanation
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%.