Question - 1
This............ balance of payment situation must be seen along with an equally siginificant problem of deficits in the government's own budget. A growing gap exists between the government's total resources And the sum of its current revenue and capital receipts. This gap, which has to be met through either external assistance or budget deficit finance, has grown over the years. The government obviously cannot resort to indefinitely growing volumes of external assistance of deficit finance to meet the increasing gap between its total outlay and total receipts under These conditions, there has been strong pressure on government to curtail various development programmes, outlay in money terms are not actually cut, the impact of these programmes may be reduced in real terms or their rate of expansion at least brought down.
- A expanding
- B increasing
- C yawning
- D widening
- E deteriorating