Indian Economy
Fiscal deficit in the Union Budget means

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

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Indian Economy
Deficit financing implies

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

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