Home › Bihar Board Class 12 (Arts) › Economics › Government Budget and the Economy › Revenue deficit refers to the excess of
Revenue deficit refers to the excess of
ABorrowing over tax revenue receipts
BTotal spending over total receipts
CCapital spending over capital receipts
DRevenue spending over revenue receipts
Answer & Solution
Correct answer: D. Revenue spending over revenue receipts
Revenue deficit measures how far revenue expenditure exceeds revenue receipts, leaving out capital items.
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