Economics · Government Deficits
Given below are two statements: Statement (I): Revenue deficit implies dissaving of government. Statement (II): Revenue deficit leads to borrowing for consumption expenditure. Choose the most appropriate answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both I and II are correct✓
- 2Both I and II are incorrect
- 3I is correct but II is incorrect
- 4I is incorrect but II is correct
Correct answer
Both I and II are correct
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