Question

Fiscal deficit is
(A) total income less Govt. borrowing
(B) total payments less total receipts
(C) total payments less capital receipts
(D) total expenditure less total receipts excluding borrowing
(E) None of these

Answer 1

Answer:

E) None of these

Explanation:

Fiscal Deficit = Total Expenditure of the Government (Capital and Revenue Expenditure) – Total Income of the Government (Revenue Receipts + Recovery of Loans + Other Receipts)