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● Statement 1 is Incorrect: Fiscal deficit indicates the total borrowing of the government from all sources i.e. domestic borrowing plus borrowing from external sources. However, a large part of the government's fiscal deficit is the interest paid on its previous accumulated debt. Fiscal Deficit = Total expenditure - total receipts except borrowing ● Statement 2 is Incorrect: Revenue Deficit is the difference between the government's revenue expenditure and revenue receipts. Revenue Deficit = Revenue Expenditure - Revenue Receipts Revenue Deficit implies that the government's current expenses are more than its current revenues and will have to use up the savings of other sectors of the economy to finance its consumption expenditure. However, even in the case of revenue deficit, a major part goes for the payment of salaries, pensions, interest payments on previously accumulated debt, subsidies which is a committed expenditure. ● Statement 3 is Correct: The government's deficit excluding the interest payment on the previously accumulated debt is called the primary deficit. It was introduced with the goal of measuring the present fiscal imbalances. Primary Deficit = Fiscal Deficit - Net interest liabilities
As per the Companies Act, 2013 the sweat equity shares are issues to whom by the company?
Under Section 95 of the Bharatiya Nyaya Sanhita, what is the punishment for a person who hires, employs, or engages a child to commit an offense?
When a mortgaged property is leased, mortgagee is________.
Specific Relief Act delas with the recovery of ______________
No banking company shall hold any immovable property howsoever acquired_________________
A. V Dicey has written a famous book named____________?
As per Evidence Act, When the court regards a fact as proved, unless and until it is disproved, or call for proof of it, this is called
Which of the following cases does not explain the maxim ‘Damnum Sine Injuria’?
According to Section 2(b) of the Limitation Act, 1963, nothing shall be deemed to be done in good faith' which is not done______.
Does Indian Evidence Act, provide for questions that are lawful to be asked in cross-examination? If yes, under which section?