Fiscal deficit is

Indian Economy and Banking · Economic & Social Development · Hard · Practice for UPSC CSE GS 1

Fiscal deficit is

Imports minus exports
Total expenditure minus total receipts excluding borrowings
Interest payments minus revenue
Revenue expenditure minus revenue receipts

Answer and solution

Correct answer: B) Total expenditure minus total receipts excluding borrowings

It shows the government's borrowing requirement.

Learn the method: Indian Economy and Banking rules and worked examples · UPSC CSE GS 1 Economic & Social Development

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