Which of the following is a correct measure of Fiscal Deficit ?
A. Fiscal deficit = Total expenditure - Total receipts (excluding borrowings).
B. Fiscal deficit = (Revenue expenditure + Capital expenditure) - (Revenue receipts + Capital receipts excluding borrowings).
C. Fiscal deficit = (Revenue expenditure - Revenue receipts) -(Capital expenditure - Capital receipts excluding borrowings).
1
A
2
A and C
3
A,B,C
4
A and B