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प्रश्न
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
उत्तर
The correct option is (b). Fiscal deficit is the excess of total expenditure, i.e. revenue and capital expenditure over total receipts. This measure reflects total borrowings of the government during the financial year.
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(i) | Revenue Receipts | 20 |
(ii) | Capital Expenditure | 15 |
(iii) | Revenue Deficit | 10 |
(iv) | Non-debt creating capital receipts | 50% of revenue receipts |
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