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Government Budget and Economy — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsGovernment Budget and Economy1 Mark
MCQ
______ is the difference between total receipts and total expenditure.
  • A
    Fiscal deficit.
  • ✓
    Budget deficit.
  • C
    Revenue deficit.
  • D
    Capital deficit.
✓

Answer

Correct option: B.
Budget deficit.
Budget deficit is the difference between total receipts and total expenditure.

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