Q.

Fiscal deficit in the Union Budget means

  • Athe difference between current expenditure and current revenue
  • Bnet increase in Union Governments borrowings from the Reserve Bank of India
  • Cthe sum of budgetary deficit and net increase in internal and external borrowings
  • Dthe sum of monetized deficit and budgetary deficit
Correct Answer : (C)

the sum of budgetary deficit and net increase in internal and external borrowings

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