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    Question

    What is the definition of fiscal

    deficit?
    A Increase in expected inflation, and expected appreciation of the currency Correct Answer Incorrect Answer
    B Increase in inflation within the Indian economy Correct Answer Incorrect Answer
    C Excess of total expenditure over total receipts excluding debt Correct Answer Incorrect Answer
    D Decrease in expected inflation, and expected appreciation of the currency. Correct Answer Incorrect Answer

    Solution

    Fiscal deficit arises when the expenditure of a government is more than the revenue generated by the government in a given fiscal year.

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