UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Budget deficit is:

    A) excess of total expenditure including loans net of lending over revenue receipts

    B) difference between revenue receipts and revenue expenditure

    C) difference between all receipts and all expenditure

    D) fiscal deficit less interest payments

    Correct Answer: C


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