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    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 Correct Answer Incorrect Answer
    B Fiscal Deficit = Capital Receipts - Repayment of Loans - Sale of Assets Correct Answer Incorrect Answer
    C Fiscal Deficit - Revenue Expenditure - Capital Expenditure - Revenue Receipts - Recovery of Loans - Sale of Assets Correct Answer Incorrect Answer
    D Fiscal Deficit Total Expenditure - Revenue Receipts - Repayment of Loans - Sale of Assets Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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