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
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.