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.
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