MCQOPTIONS
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| 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) | |