Q511
Which of the following staternent/s is/are true in context of Effective Revenue Deficit (ERD)?
A.
ERD is the difference between revenue deficit and grants for creation of capital assets
B.
The concept of ERD was suggested by the Rengarajan Committee on Public Expenditure
C.
ERD aims to deduct the money used out of borrowing to finance capital expenditure
D.
All of the above are true
AnswerAnswer: Option D
Solution
Answer: Option D
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