Basic Details
Word: Fiscal
Part of Speech: Adjective
Meaning: Relating to government revenue, especially taxes, or public finances.
Synonyms: Financial, monetary, economic
Antonyms: Non-financial, non-fiscal
Idioms and Phrases
- Fiscal fitness: Refers to the health and stability of one's finances or a governments budget. Example: "After reviewing the budget, the council was pleased to report that the city was in fiscal fitness this year."
- Fiscal cliff: A situation in which a government is faced with sudden and severe budget cuts or tax increases. Example: "The new policies aimed to prevent the country from falling off the fiscal cliff."
Usage Examples
Example 1: The government will announce its fiscal policy in the upcoming budget meeting next week.
Example 2: Fiscal responsibility is essential for ensuring that we do not spend more than we earn.
Example 3: Many families evaluate their fiscal situation to make better spending and saving decisions.
Fun Fact
Did you know that the term 'fiscal' comes from the Latin word 'fiscus', which means 'basket'? This originally referred to the basket used to hold money and later came to mean public revenue or treasury.
Famous Quote
"The budget is not just a collection of numbers, but an expression of our values and aspirations." Jacob Lew
Multiple Choice Questions (MCQs)
1. What does "fiscal" mean?
a) Relating to personal feelings
b) Relating to government revenue
c) Relating to sports
d) Relating to health
Answer: b) Relating to government revenue
2. Which of these is a synonym of "fiscal"?
a) Emotional
b) Financial
c) Physical
d) Artistic
Answer: b) Financial
3. What is an antonym of "fiscal"?
a) Monetary
b) Economic
c) Non-fiscal
d) Revenue-related
Answer: c) Non-fiscal
4. Which sentence uses "fiscal" correctly?
a) The fiscal report will be sent to all the employees.
b) The fiscal cat ran across the street.
c) She likes fiscal music.
d) The fiscal tree grew taller each year.
Answer: a) The fiscal report will be sent to all the employees.
5. What does the idiom "fiscal cliff" refer to?
a) A popular film
b) A severe budget crisis
c) A type of dance
d) A style of painting
Answer: b) A severe budget crisis
