1. Fiscal deficit is?
(a) Total income less Govt. borrowing
(b) Total payments less total receipts
(c) Total payments less capital receipts
(d) Total expenditure less total receipts excluding borrowing
2. In the capital market, the term arbitrage is used with reference to?
(a) Purchase of securities to cover the sale
(b) Sale of securities to reduce the loss on purchase
(c)
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