Multiple Choice Questions on Deficit financing means Normal 0 false false false EN IN X NONE X NONE w LatentStyles DefLockedState........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Deficit financing means Normal 0 false false false EN IN X NONE X NONE w LatentStyles DefLockedState...........

Economic Affairs Public Finance and Debt Management
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    Deficit financing means

    An excess of governments’ current expenditure over its current revenue.

    Incorrect Answer

    An excess of government expenditures minus borrowings other than those from the RBI.

    Incorrect Answer

    An excess of government’s total expenditure over its total revenue.

    Correct Answer

    An excess of government revenue over expenditure.

    Incorrect Answer
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    Explanation:

    Deficit financing, practice in which a government spends more money than it receives as revenue, the difference being made up by borrowing or minting new funds.

    By: Kamal Kashyap
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