Question : It refers to excess of total expenditure over total receipt excluding borrowrings during the given fiscal year.
Option 1: Revenue deficit
Option 2: Fiscal deficit
Option 3: Primary deficit
Option 4: Budgetary deficit.
Answer (1)
18th Jan, 2024
Correct Answer: Fiscal deficit
Solution : Fiscal deficit refers to excess of total expenditure over total receipt excluding borrowrings during the given fiscal year.
Hence, Option B is correct.
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