MCQOPTIONS
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| 1. |
The budget deficit means? |
| A. | the excess of total expenditure, including loans, net of lending over revenue receipts |
| B. | difference between all receipts and all the expenditure |
| C. | difference between revenue receipts and revenue expenditure |
| D. | fiscal deficit less interest payments |
| Answer» C. difference between revenue receipts and revenue expenditure | |