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Fiscal Deficit is :
  • a)
    None of the below  
  • b)
    Gap between total receipts minus external borrowings
  • c)
    Gap between total expenditure and total reGeipts of the-government
  • d)
    Gap between the value of Exports and Imports
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Fiscal Deficit is :a)None of the belowb)Gap between total receipts min...
Fiscal Deficit is not a gap, it is the difference between the total expenditute and total revenue that defines the requirement of borrowings.
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Fiscal Deficit is :a)None of the belowb)Gap between total receipts minus external borrowingsc)Gap between total expenditure and total reGeipts of the-governmentd)Gap between the value of Exports and ImportsCorrect answer is option 'A'. Can you explain this answer?
Question Description
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