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Fiscal Deficit is :
  • a)
    Gap between the value of Exports and Imports
  • b)
    Gap between total receipts minus external borrowings
  • c)
    Gap between total expenditure and total reGeipts of the-government
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Fiscal Deficit is :a)Gap between the value of Exports and Importsb)Gap...
Answer : a)Gap between the value of Exports and Imports

It is the difference between the total income of the government and the total expenditure incurred by it. ... In simple words, Fiscal Deficit is the excess of total expenditure over total receipts of the country, which often means that fiscal deficit is equal to 
borrowings of the state
.

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Fiscal Deficit is :a)Gap between the value of Exports and Importsb)Gap between total receipts minus external borrowingsc)Gap between total expenditure and total reGeipts of the-governmentd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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