Ayushi posted an Question
September 09, 2020 • 16:46 pm 30 points
  • UGC NET
  • Economics

Increase in net rbi credit for central government represents: 1. budgetary deficit 2. monetised deficit 3. fiscal deficit 4. revenue deficit

Increase in net RBI credit for Central Government represents: 1. Budgetary deficit 2. Monetised deficit 3. Fiscal deficit 4. Revenue deficit

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    Nidhi taparia Best Answer

    Monetised deficit represents increase in net RBI credit for central government. Budgetary deficit is basically excess of govt expenditure over govt revenue. Fiscal deficit is budget deficit excluding borrowings. Revenue deficit is excess of revenue expenditure over revenue receipts. It only includes revenue side of budget and ignores the capital side.

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