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Which of the following statements is true? -

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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.

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Measures of Government Deficit Or Surpluses
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