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Statement 1: Revenue Deficit is the excess of revenue expenditure over revenue receipts. Statement 2: Effective Revenue Deficit is the difference between Revenue Deficit and Grants for Creation of Capital Assets.
Correct Answer: (a)
Official keyThis question appeared in the HPPSC Prelims 2020 examination (GS). It is Question 38 out of 200 questions in this paper.
This question was part of the HPPSC Prelims 2020 (GS). The HPPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.