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Primary Deficit & Revenue Deficit

What is a fis...

Question

What is a fiscal deficit?

A

It is a gap between the values of exports and imports.

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B

It is a gap between exports and imports minus external borrowings.

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C

It is a gap between total expenditure and total receipts of the govt.

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D

None of these

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Solution

The correct option is A None of these
It is the difference between the total expenditure and total revenue excluding borrowings.

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