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In India, for the last several years, there has been deficit in the revenue account. How is it met or financed?

+1 vote

asked Mar 8, 2019 in Class 12 by kratos

In India, for the last several years, there has been deficit in the revenue account. How is it met or financed?

cbse
class-11
business in ancient bharat
class-12
nature and practices
government budget and economy

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1 Answer

+3 votes

answered Jan 1, 2021 by kratos

Best answer

Two measures to reduce revenue : deficit:

Government should reduce revenue expenditure.
To increase taxes, both direct and ; indirect.

Value : Analytic

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