Which of the following expressions shows the formula of Gross fiscal deficit?

Correct Answer: D. Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad

Explanation: Deficit Formoula Revenue Revenue Expenditure-Revenue Receipt Deficit Effective Revenue Deficit - Grants for the Revenue creation of capital assets Deficit 1.Fiscal Deficit =Total Exp - (Total Receipt - Borrowing) 2.FD =Total expenditure –(Revenue receipts+Capital Receipt -Borrowing) Fiscal 3. FD =Total expenditure – (Revenue Deficit receipts +Non-debt creating capital receipts)