Which of the following statement is true...

Which of the following statement is true ?

A

Loan from IMF is a Revenue Receipt

B

Higher revenue deficit necessarily leads to higher fiscal deficit

C

Borrowing by a government represents a situation of fiscal deficit

D

Revenue deficit is the excess of capital receipts over the revenue receipts

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The correct Answer is:

A

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SK AGGARWALA-BALANCE OF PAYMENTS-Section A : Sample question paper -1

When exchange rate falls :
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The government budget of a hypothetical economy presents the following...
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Which of the following statement is true ?
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