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UPSC Principle and Vice Principle GK/GS Basic Economic Concepts and Structure of the Indian Economy Part - 1

Fiscal deficit broadly represents the excess of government expenditure over

Type: MCQ • Marks: 1
Fiscal deficit broadly represents the excess of government expenditure over
Options
A. Currency in circulation
B. Imports
C. Government receipts excluding borrowings
D. Exports
Explanation
Fiscal deficit indicates the borrowing requirement arising from the gap between expenditure and non-borrowed receipts.
UPSC Principal & Vice Principal GK/GS

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