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    Question

    The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______

    A Interest Correct Answer Incorrect Answer
    B Taxes Correct Answer Incorrect Answer
    C Spending Correct Answer Incorrect Answer
    D Borrowings Correct Answer Incorrect Answer

    Solution

    The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowings.

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