Home
Class 14
GENERAL KNOWLEDGE
A situation where the expenditure of the...

A situation where the expenditure of the government exceeds its revenue is called:

A

Default

B

Devaluation

C

Deficit Financing

D

Morbidity

Text Solution

Verified by Experts

The correct Answer is:
C
A situation where the expenditure of the government exceeds its revenue is known as Deficit financing. To make up with this deficit the government generally disinvest, borrowing of loSol or minting of new currency.
Promotional Banner

Topper's Solved these Questions

  • ECONOMICS

    PINNACLE|Exercise MCQ (INTERNATIONAL ORGANISATIONS)|5 Videos

  • ECONOMICS

    PINNACLE|Exercise MCQ (GOVERNMENT SCHEMES)|4 Videos

  • ECONOMICS

    PINNACLE|Exercise MCQ (COSTS, PRODUCTION,CONSUMPTIONS AND MARKET)|20 Videos

  • CURRENT AFFAIRS

    PINNACLE|Exercise SCHEMES & PROJECTS|40 Videos

  • GEOGRAPHY

    PINNACLE|Exercise WORLD GEOGRAPHY AND MAP|3 Videos
PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
  1. Who among the following publishes the Economic Survey of India?

    Text Solution

    |

  2. The aggregate value of goods and services produced in an economy can b...

    Text Solution

    |

  3. A situation where the expenditure of the government exceeds its revenu...

    Text Solution

    |

  4. What does GNP stand for?

    Text Solution

    |

  5. Under which Amendment to the Constitution of India was Goods and Servi...

    Text Solution

    |

  6. GST was introduced by which amendment act of the Constitution? GST को ...

    Text Solution

    |

  7. Which of the following sectors of the economy has the highest share in...

    Text Solution

    |

  8. Which of the following best defines Net National Income?

    Text Solution

    |

  9. Who among the following is responsible for preparation of National Inc...

    Text Solution

    |

  10. Goods and Services Tax (GST) was enacted by Parliament vide Constituti...

    Text Solution

    |

  11. GST council is headed by :

    Text Solution

    |

  12. Tax reforms are concerned with the reforms in the government’s taxatio...

    Text Solution

    |

  13. Which of the following statements is NOT true about the Export-Import ...

    Text Solution

    |

  14. Which of the following is not a Public Sector Bank?

    Text Solution

    |

  15. Currency printing press of India is NOT located in.

    Text Solution

    |

  16. Which of the following is NOT a nationalised bank?

    Text Solution

    |

  17. The Banking Regulation Act was passed in India in .

    Text Solution

    |

  18. The Interest Rate charged by banks on short term loSol to their larges...

    Text Solution

    |

  19. Cash Reserve Ratio (CRR) is calculated as a percentage of each bank’s ...

    Text Solution

    |

  20. In the context of the banking sector of India, what is the full form o...

    Text Solution

    |