Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:
Fiscal deficit is the excess of total expenditure of the government and its total receipts excluding ______ during a given fiscal year.
Options:
Interest
Spending
Borrowings
Taxes
Correct Answer:
Borrowings
Explanation:
: Fiscal deficit is the excess of total expenditure of the government and its total receipts excluding borrowings during a given fiscal year.