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Commerce · Q525

Economics

Graduate and Post Graduate · Commerce · question 525

Q525

What is a fiscal deficit?

A.
It is a gap between the values of the exports and imports
B.
It is a gap between exports and imports minus external borrowings
C.
It is a gap between total expenditure and total receipts of the government
Answer
D.
It is a gap between total receipts minus external borrowing

Answer: Option C

Solution

Answer: Option C
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