UPSC CSE Prelims Deficits & Fiscal Management Flashcards
Master 10 deficits & fiscal management concepts for the UPSC CSE Prelims.
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Question
Complete the formula for Fiscal Deficit:
Fiscal Deficit = Total Expenditure - (Revenue Receipts + Capital Receipts)
Question
Consider the following statements about 'Revenue Deficit':
- It implies that the government is borrowing to finance its day-to-day consumption.
- It includes capital expenditure incurred on infrastructure. Which of the statements given above is/are correct?
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