A) Fiscal deficit was gradually increased from the beginning towards the end of the plan
B) Fiscal deficit was gradually decreased from the beginning towards the end of the plan
C) Fiscal deficit was remained constant throughout the plan period
D) Fiscal deficit was gradually increased at first half and then decreased at the second half
Correct Answer: D
Solution :
A fiscal deficit is regarded by some as a positive economic event. For example, economist John Maynard Keynes believed that deficits help countries climb out of economic recession. On the other hand, fiscal conservatives feel that governments should avoid deficits in favour of a balanced budget policy.
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