KAS Prelims 2020 Test KAS-106 Key Answer Part-3
Q.36) Answer (c) Fiscal responsibility and budget management act aims to bring down Fiscal deficit to 2% by 2008 and the revenue deficit to zero by 2008. Q.37) Answer (a) Revenue deficit = revenue receipts – Revenue expenditure; Budget deficit = Total receipts – Total expenditure; Fiscal deficit = Revenue receipts + Nondebt creating capital […]