Revenue deficit in India implies that – McqOptions

MCQOPTIONS

1.	Revenue deficit in India implies that
A.	the Indian Government needs to borrow in order to finance its expenses which will create capital assets
B.	the Indian Government needs to borrow in order to finance its expenses which do not create Capital assets
C.	the Indian Government needs to borrow from the Reserve Bank of India against government Securities
D.	the Indian Government needs to borrow from international financial institutions
E.	None of the above/More than one of the above
Answer» C. the Indian Government needs to borrow from the Reserve Bank of India against government Securities

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