Which of the following concept of budget deficit has become practically redundant in India?

CA Foundation · Business Economics · MTP · September 2026
Which of the following concept of budget deficit has become practically redundant in India?
(A) A. Fiscal deficit
(B) B. Budgetary deficit
(C) C. Primary deficit
(D) D. Revenue deficit

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Budgetary deficit

Topics: Public Finance

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