Consider the following statements: 1. Deficit financing essentially involves public expenditure in excess of public revenue 2.In Deficit financing, the new currency replaces the old currency Which among the above statements is / are correct? - Study24x7
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UPSC & State PSC
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Consider the following statements: 1. Deficit financing essentially involves public expenditure in excess of public revenue ...

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A

Only 1 is correct

B

Only 2 is correct

C

Both are correct

D

Both are incorrect

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