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1. Which among the following is a correct definition of fiscal deficit?
(A): (A) The gap between projected or estimated GDP and actual GDP
(B): (B) The total value of currency notes issued and currency actual in circulation
(C): (C) The gap between actual borrowings of government of India and expected expenditures as per budget provisions
(D): (D) Excess of Govt.’s disbursement comprising current and capital expenditures over its current receipts
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