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Eduncle posted an MCQ
October 18, 2019 • 16:46 pm 0 points
  • UGC NET
  • Political Science

In India, the term deficit financing was first defined by :

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    Eduncle Best Answer

    In the first five year plan document. Planning commission has defined the term as “deficit financing is used to denote the direct addition to gross national expenditure through budget deficit whether the deficits are on the revenue account or on capital account.
     

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