Economics · Indian Economy
What does 'Gross Fiscal Deficit' in India signify?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between total income and total expenditure.
- 2The difference between revenue receipts and revenue expenditure.
- 3The difference between total expenditure and total receipts excluding borrowings.✓
- 4The difference between capital receipts and capital expenditure.
Correct answer
The difference between total expenditure and total receipts excluding borrowings.
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