General Knowledge · Indian Economy
Which of the following correctly defines the term 'fiscal deficit'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Expected reduction in inflation, and expected currency appreciation
- 2Excess of total expenditure over total receipts excluding borrowings✓
- 3Rise in inflation inside the Indian economy
- 4Expected increase in inflation, and expected appreciation of currency
Correct answer
Excess of total expenditure over total receipts excluding borrowings
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