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As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit?
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- The gap between projected or estimated GDP and Actual GDP
- The gap between the total number and value of the currency notes issued by the RBI uptill now over the number and value of those which are in actual circulation
- The gap between the actual borrowings of the Government of India and the expected expenditure for which provision is made in the budget
- Excess of Government's disbursement comprising current and capital expenditures over its current receipts (Tax/Non-tax receipts)
Correct Option: D
N/A