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Praveen

· started a discussion

· 1 Months ago

option d is right (Question: 187003.0 )

option d is right answer

Question:
In estimating the budgetary deficit, the official approach in India is to exclude. 
Options:
A) long term borrowing from the market.
B) borrowings from the Reserve Bank of India.
C) drawing down of the cash balance.
D) borrowing from Reserve Bank in the form of ways and means advance. 
Solution:
Ans: (c) Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. So when it is estimated, drawing down of cash balances is excluded.

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