Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:
What is the formula of fiscal deficit?
Options:
Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts)
Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad
Both are true
None of these
Correct Answer:
Both are true
Explanation:
Both the formulae stands true for calculation of fiscal deficit.