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Fiscal deficit as per Union Budget 2021-22 is _____.

1. 6.5 %
2. 7 %
3. 6.80%
4. 9.5 %

Correct answer: 9.5 %

Solution

The Union Budget 2021-22 projected a fiscal deficit of 9.5% of GDP. This was a revised and elevated estimate due to the economic impact of the COVID-19 pandemic and increased government expenditure.

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