Question
In India, deficit financing is used for raising resources for :
- redemption of public debt
- adjusting the balance of payments
- reducing the foreign debt
- economic development
Answer: Option C
Answer: (c)Deficit financing is a pragmatic tool of economic development and has been used by Indian govt. to obtain necessary resources to finance the five year plans.
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Answer: (c)Deficit financing is a pragmatic tool of economic development and has been used by Indian govt. to obtain necessary resources to finance the five year plans.
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