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Fiscal deficit of the government is equal to

2035Medium DSSSB TGT Computer Science 0 replies

Fiscal deficit of the government is equal to

Arevenue expenditure minus revenue receipts
Btotal receipts minus total expenditure
Ctotal expenditure minus total receipts excluding borrowings
Dtotal expenditure minus tax revenue

Correct answer: C

Explanation

Fiscal deficit is the gap between total expenditure and total receipts (excluding borrowings), i.e. the amount the government must borrow.

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