UPSC Principle and Vice Principle GK/GS Basic Economic Concepts and Structure of the Indian Economy Part - 2

Identify the correct answer related to Fiscal deficit broadly represents the excess of government expenditure over.

Type: MCQ • Marks: 1

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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