Which of the following defines Fiscal deficit?
(i) Revenue Receipt + Capital Receipts - Total Expenditure
(ii) Budget deficit + Government's market borrowings and liabilities
(iii) Revenue Receipts - Capital Receipts + Total Expenditure
(iv) Budget deficit - Government's market borrowings and liabilities
Select the correct answer from the codes given below:
1
Only (i)
2
(i) and (ii)
3
Only (iii)
4
(iii) and (iv)