Indian Economy
Fiscal deficit in the Union Budget means

the sum of budgetary deficit and net increase in internal and external borrowings
the sum of monetized deficit and budgetary deficit
net increase in Union Governments borrowings from the Reserve Bank of India
the difference between current expenditure and current revenue

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Indian Economy
Deficit financing implies

none of the listed here
printing new currency notes
public expenditure in excess of public revenue
public revenue in excess of public expenditure

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