Advertisements
Advertisements
Question
Which of the following statements is true?
Options
Government Borrowings from the World Bank is a Revenue Receipt.
Higher fiscal deficit is the result of higher revenue deficit.
The loans taken by government represents a situation of fiscal deficit.
The excess of capital receipts over the revenue receipts is called Revenue deficit.
MCQ
Solution
The loans taken by the government represent a situation of fiscal deficit.
Explanation:
The amount of borrowing the government must use to fulfil its expenses is referred to as the fiscal deficit.
shaalaa.com
Measures of Government Deficit Or Surpluses
Is there an error in this question or solution?