MCQOPTIONS
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| 1. |
Gross fiscal deficit is ________. |
| A. | Total expenditure + (Revenue receipts – Non-debt creating capital receipts) |
| B. | Total expenditure – (Revenue receipts + Non-debt creating capital receipts) |
| C. | Total expenditure – (Revenue receipts – Non-debt creating capital receipts) |
| D. | Total expenditure + (Revenue receipts + Non-debt creating capital receipts) |
| Answer» C. Total expenditure – (Revenue receipts – Non-debt creating capital receipts) | |