B.P.S.C. C.D.P.O. (Pre) 2018
Fiscal deficit of the Government of India is equal to which of the following?
aDebt-creating capital receipts✓ Correct
bNon-debt capital receipts
cDebt and non-debt capital receipts
dCapital receipts less revenue receipts
eNone of the above/More than one of the above
Explanation
## Page 50 The fiscal deficit of the Government of India is equal to debt-creating capital receipts. Fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowings.
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