1.

Revenue Deficit of an economy in a financial year is defined as ________.

A. The difference between the capital expenditure and the revenue expenditure
B. The difference between the revenue receipts and the revenue expenditure
C. The difference between the revenue receipts and the capital receipts
D. The difference between the interest payments and revenue expenditure
E. None of the above
Answer» C. The difference between the revenue receipts and the capital receipts


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