MCQ
Fiscal deficit $= .........$
  • A
    Total income $–$ total expenditure
  • B
    Total expenditure $–$ total income
  • C
    Total expenditure $–$ total income $($Including market borrowings$)$
  • Total expenditure $–$ total income $($Excluding market borrowings$)$

Answer

Correct option: D.
Total expenditure $–$ total income $($Excluding market borrowings$)$

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