Identify which of the following statements is true? (a) Fiscal deficit is difference between planned revenue expenditure and planned revenue receipts (b) Fiscal deficit is difference between total planned expenditure and total planned receipts (c) Primary deficit is the difference between total planned receipt and interest payments. (d) Fiscal deficit is the sum of primary deficit and interest payment.

Identify which of the following statements is true? (a) Fiscal defici

1.	Identify which of the following statements is true? (a) Fiscal deficit is difference between planned revenue expenditure and planned revenue receipts (b) Fiscal deficit is difference between total planned expenditure and total planned receipts (c) Primary deficit is the difference between total planned receipt and interest payments. (d) Fiscal deficit is the sum of primary deficit and interest payment.
Answer» (d) Fiscal deficit is the sum of primary deficit and interest payment.

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