Question : _____________ signifies that government own revenue is insufficient to meet the expenditure on normal functioning of government departments and provisions for various services.
Option 1: Revenue deficit
Option 2: Fiscal deficit
Option 3: Budgetary deficit
Option 4: Primary deficit
Answer (1)
24th Jan, 2024
Correct Answer:
Budgetary deficit
Solution :
Revenue deficit signifies that government own revenue is insufficient to meet the expenditure on normal functioning of government departments and provisions for various services.
Hence, Option C is correct.
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