With reference to the Fiscal Deficit, which of the following statement is Incorrect? - Study24x7
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UPSC & State PSC
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With reference to the Fiscal Deficit, which of the following statement is Incorrect?

A

It is the difference between all receipts and expenses in both revenue and capital account of the government.

B

It is calculated both in absolute terms and also as a percentage of the Gross Domestic Product (GDP) of the country.

C

It is an indication of the total borrowings needed by the government.

D

All the above

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