Question
Which of the following refers to that part of deficit for which the government borrows from the RBI?
- Primary deficit
- Secondary deficit
- Regulatory deficit
- Monetised deficit
Answer: Option D
Answer: (d)
Monetised deficit was adopted by India in 1997- 98. It refers to that part of the deficit for which the government borrows from the RBI.
To meet the government’s such requirements, the RBI prints fresh currency, as a result of which the economy gets monetised
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Answer: (d)
Monetised deficit was adopted by India in 1997- 98. It refers to that part of the deficit for which the government borrows from the RBI.
To meet the government’s such requirements, the RBI prints fresh currency, as a result of which the economy gets monetised
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