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| Q.36 | What is revenue deficit? | |
| Ans | 1. It is the difference between revenue and capital expenditure. | |
| 2. It is the excess of government’s capital expenditure over capital receipts. | ||
| 3. It is the excess of government’s revenue expenditure over revenue receipts. | ||
| 4. It is the excess of government’s total expenditure over total receipts. |
Correct Ans: 3
