Correct Answer: Borrowing from RBI + Borrowing from abroad + Net borrowing at home

Solution : The correct answer is (d) Gross Fiscal Deficit = Borrowing from RBI + Borrowing from abroad + Net borrowing at home

This formula considers the borrowing from the Reserve Bank of India (RBI), borrowing from abroad, and net borrowing at home. Net borrowing at home takes into account the difference between the government's borrowing and repayments from domestic sources.