Economics · Indian Economy
What is the meaning of 'Fiscal Deficit'?
- 1The difference between tax revenue and non-tax revenue.
- 2The difference between total expenditure and total income excluding borrowings.
- 3The difference between revenue receipts and revenue expenditure.✓
- 4The difference between total income and total expenditure.
Correct answer
The difference between revenue receipts and revenue expenditure.
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