Q. What is a fiscal deficit? [Punjab & Sindh Bank 2011] (Solved)
1. It is a gap between the values of the exports and imports
2. It is a gap between exports and imports minus external borrowings
3. It is a gap between total expenditure and total receipts of the Govt.
4. It is a gap between total receipts minus External Borrowing
- c. It is a gap between total expenditure and total receipts of the Govt.