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.
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.
Question : It refers to excess of revenue expenditure over revenue receipt during the given fiscal year.
Question : The term ____________ refers to the excess of total expenditure over total receipts, including borrowings.
Question : Which of the following is correct.
Question : The concept of "fiscal deficit" in the government budget represents:
Question : It refers to difference between fiscal deficit of the current year and the interest payment on the previous borrowings.
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