Question

Which of the following statements is/are correct about  Fiscal Deficit  from  Revenue Deficit ?  Fiscal Deficit is the excess of total expenditure over total revenue, including borrowing, while Revenue Deficit excludes capital expenditure.  A high Fiscal Deficit indicates excessive borrowing by the government, while Revenue Deficit suggests lower tax or non-tax revenue collection.  Fiscal Deficit is always undesirable for economic growth, while Revenue Deficit can sometimes be beneficial. 

A 2 only
B 1 only
C 1 and 2 only
D 1, and 3 only
E All of the above
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