Teaching JKPSC Lecturership Mock Test Series 2024-25 General Knowledge Economy Money and Banking

Which of the following expressions is correct regarding the gross fiscal deficit?

1
Gross fiscal deficit = Net borrowing at home − Borrowing from RBI + Borrowing from abroad
2
Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad
3
Gross fiscal deficit = Net borrowing at home + Borrowing from RBI − Borrowing from abroad
4
Gross fiscal deficit = Net borrowing at home − Borrowing from RBI − Borrowing from abroad
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