CBSE 2015 Class 12 Economics Delhi Set-1

Question : 3 of 19

Marks: +1, -0

Borrowing in government budget is: (choose the correct alternative)

Revenue deficit
Fiscal deficit
Primary deficit
Deficit in taxes

Solution:

Borrowing in the government is the fiscal deficit. The fiscal deficit basically shows the borrowing requirement of a country. It is defined as the excess of government expenditure over government revenue.
Hence, the correct answer is option (b).

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