1.

Gross fiscal deficit is ________.

A. Total expenditure + (Revenue receipts – Non-debt creating capital receipts)
B. Total expenditure – (Revenue receipts + Non-debt creating capital receipts)
C. Total expenditure – (Revenue receipts – Non-debt creating capital receipts)
D. Total expenditure + (Revenue receipts + Non-debt creating capital receipts)
Answer» C. Total expenditure – (Revenue receipts – Non-debt creating capital receipts)


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