Question

3 Which of the following statement is true?
a) Loan from IMF is a Revenue receipt
b) Higher Revenue deficit necessarily leads to higher Fiscal
deficit.
c) Borrowings by the Government represent a situation of fiscal
deficit.
d) Revenue deficit is the excess of Capital receipt over
Revenue receipt.​

Answer 1

Answer:

receipt" (and any subsequent words) was ignored because we limit queries to 32 words.