69th BPSC Prelims (2023), question 123

📈 Economy

  1. Union Government finances: 1. Fiscal deficit reached 9.2% of GDP in pandemic FY21. 2. Fiscal deficit moderated to 7.7% of GDP in FY22. 3. Revenue collection over the last two years has gone down. Which is/are correct?

    1. Only 1
    2. 1 and 2
    3. 2 and 3
    4. None of the above
    Show answer

    Answer: B — 1 and 2

    The fiscal deficit figures (9.2% in FY21, moderating to 7.7% in FY22) are correct, but revenue collection actually rose, not fell — so statement 3 is wrong.

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