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Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is borrowing from the Reserve Bank of India plus other liabilities of Government to meet its expenditure. In the context of the given two statements, which of the following is correct? Code

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Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is borrowing from the Reserve Bank of India plus other liabilities of Government to meet its expenditure. In the context of the given two statements, which of the following is correct? Code






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