Mains Ready By December. Smash Mains & Smash PYQ Admissions Open

Other questions

Fiscal deficit in the Union Budget means

Options

(a)

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

(b)

the difference between current expenditure and current revenue

(c)

the sum of monetized deficit and budgetary deficit

(d)

net increase in Union Government’s borrowing from the Reserve Bank of India

Answer

(A)