Assertion (A) : For the first time, India had no trade deficit in the year 2002-03.

Budget Deficit The excess of government expenditure over government income is termed as budget deficit. Budget Deficit = G – T Where, ‘G’ represents government expenditure ‘T’ represents government income Trade Deficit Trade deficit measures the excess...

The relationship between the revenue deficit and the fiscal deficit can be explained through the following points:  i. Revenue deficit is the difference between government's revenue expenditures and government's receipts.  Revenue deficit...

(a) Fiscal deficit = Revenue receipts + non-debt creating capital receipts – Total expenditure; Budget deficit = Total receipts – Total expenditure

(a) Government can go for petroleum products deregulation. Rationalizing subsidies is also the solution.

(i) The exchange of goods among people, states and countries are referred to as a trade. (ii) Trade between two countries is called international trade. (iii) When the value of expert exceeds...

(c) Infosys technologies is second.

(b) The chairman of Infosys Mr. N.R. Narayan Murthy was awarded National Lal Bahadur Shastri Award for excellence in public adminsitration and management science for the year 2001. He got...

(c) Tim Montgomery set a new world record at the IAAF Grand Prix Final in the year 2002 in 100 m Dash.

(c) Fiscal deficit minus Interest Payments 

(d) Deficit in taxes