In India deficit financing is used for raising resources for:
A)economic development
B)redemption of public debt
C)adjustment the balance of payments
D)reducing the foreign debt

Question

Quizplus · Accepted Answer

Deficit financing in India is primarily used for economic development. It involves the government spending more money than it has in its revenues, which is often directed towards projects and initiatives aimed at boosting economic growth.

In India Deficit Financing Is Used for Raising Resources For