Which of the following statement is true? (a) Loans 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.

Which of the following statement is true? (a) Loans from IMF is a Rev

1.	Which of the following statement is true? (a) Loans 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.
Answer» (c) Borrowing by a government represents a situation of fiscal deficit.

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