As of 2013, out of the following, which concept of deficit in the Union Budget was the latest one ?
'Effective Revenue Deficit' (defined as Revenue Deficit minus grants for the creation of capital assets) is the most recently introduced deficit concept among the options,…
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As of 2013, out of the following, which concept of deficit in the Union Budget was the latest one ?
Answer and explanation
Correct answer D
'Effective Revenue Deficit' (defined as Revenue Deficit minus grants for the creation of capital assets) is the most recently introduced deficit concept among the options, introduced in the Union Budget 2011–12.
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