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. Deficit financing means that the government borrows money from
(1) The local bodies
(2) The Reserve Bank
(3) The neighbouring countries
(4) All the above
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Answer Posted / gaura agrawal
The Reserve Bank
Deficit financing is needed when government expenditures
are more than government incomes. Then to overcome the gap
the government borrows the money from The Reserve Bank....
| Is This Answer Correct ? | 71 Yes | 4 No |
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