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Which of the following deficits are true in their representation (1)...

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Business Environment and International Business
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Which of the following deficits are true in their representation?
(1) Budget deficit = Total expenditure - Total receipts
(2) Revenue deficit = Revenue expenditure - Revenue receipts
(3) Fiscal deficit = Total expenditure - Total receipts except borrowings
(4) Primary deficit = Fiscal deficit - Interest payments

Answer & Solution
Correct Answer: Option D
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