Question

Which of the given options is INCORRECT in the context of fiscal deficit?

A Fiscal Deficit = Total Receipts + Revenue Receipts - Repayment of Loans + Sale of Assets X2

B Fiscal Deficit = Capital Receipts - Repayment of Loans - Sale of Assets

C Fiscal Deficit - Revenue Expenditure - Capital Expenditure - Revenue Receipts - Recovery of Loans - Sale of Assets

D Fiscal Deficit Total Expenditure - Revenue Receipts - Repayment of Loans - Sale of Assets

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