Multiple choice

Fiscal Deficit is equal to

  1. Current Expenditure - Current Income

  2. Total Budget Expenditure (-) (Revenue Receipt + Capital Receipts Excluding Borrowing)

  3. Total Expenditure - Total Income

  4. (Current Expenditure + Capital Expenditure) - Current Income

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Correct Answer: Total Budget Expenditure (-) (Revenue Receipt + Capital Receipts Excluding Borrowing)

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