69th BPSC Prelims (2023), question 123

📈 Economy

123. 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.