1.

Fiscal deficit means :(a) Fiscal deficit = Budgetary deficit + Loan and other Liabilities.(b) Fiscal deficit = Total Revenue - Total Expenditure.(c) Fiscal deficit = Revenue Income - Revenue Expenditure.(d) Fiscal deficit = Capital Income - Capital Liabilities.Select the correct option :

A. (a) only
B. (b) and (c)
C. (c) and (d)
D. (d) only
Answer» B. (b) and (c)


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