[Solved] What is a fiscal deficit? [Punjab & Sindh Bank 2011]

Q.	What is a fiscal deficit? [Punjab & Sindh Bank 2011]
A.	It is a gap between the values of the exports and imports
B.	It is a gap between exports and imports minus external borrowings
C.	It is a gap between total expenditure and total receipts of the Govt.
D.	It is a gap between total receipts minus External Borrowing
Answer» C. It is a gap between total expenditure and total receipts of the Govt.

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