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प्रश्न
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
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उत्तर
The correct option is (b). Fiscal deficit is the excess of total expenditure, i.e. revenue and capital expenditure over total receipts. This measure reflects total borrowings of the government during the financial year.
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