McqMate
| Q. |
Fiscal deficit in the Union Budget means: [IAS 1994] |
| A. | the difference between current expenditure and current revenue |
| B. | net increase in Union Government's borrowings from the Reserve Bank of India |
| C. | the sum of budgetary deficit and net increase in internal and external borrowings |
| D. | the sum of monetised deficit and budgetary deficit |
| Answer» C. the sum of budgetary deficit and net increase in internal and external borrowings | |
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