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Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy2 Marks
Question
Distinguish between revenue deficit and fiscal deficit.
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Answer

Excess of revenue expenditure over revenue receipts is called revenue deficit whereas the excess of total expenditure over total receipts excluding borrowings is called fiscal deficit.

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