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Budget — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget1 Mark
MCQ
During budgetary deficit when the state government borrows more from the central government it is called
  • A
    Loan
  • B
    Borrowing
  • ✓
    Overdraft
  • D
    All of these
✓

Answer

Correct option: C.
Overdraft

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