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CBSE Class 10 Answered

What is meant by Deficit Financing?
Asked by abhijeet.mishra | 21 Mar, 2018, 05:48: PM
answered-by-expert Expert Answer
Deficit financing means spending more than revenue. In this case government of India accepts more amount of money from the Reserve Bank of India (RBI) to spend for undertaking public projects and only the government of India can practice deficit financing in India. 
Answered by Tharageswari S | 22 Mar, 2018, 09:36: AM

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