Consider the following statements:
1. An increase in fiscal deficit indicates government is resorting to borrowings to meet its day-to-day expenses.
2. A higher revenue deficit is more dangerous than a higher fiscal deficit in the economy.
Which of the statements given above is/are correct?
Consider the following statements:
1. An increase in fiscal deficit indicates government is resorting to borrowings to meet its day-to-day expenses.
2. A higher revenue deficit is more dangerous than a higher fiscal deficit in the economy.
Which of the statements given above is/are correct?
Economy
Fiscal
Options
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