The difference between revenue deficit and grants for creation of capital assets is called:

CA Foundation · Business Economics · MTP · September 2025
The difference between revenue deficit and grants for creation of capital assets is called:
(A) A. Fiscal deficit
(B) B. Budget deficit
(C) C. Effective revenue deficit
(D) D. Primary deficit

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Effective revenue deficit

Topics: Public Finance

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