Which of the following expression is correct regarding the gross fiscal deficit?

Correct option is B

The correct answer is (b) Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad.
 Gross Fiscal Deficit: It measures the total borrowing requirements of the government.
 Components: Includes net borrowing at home, borrowing from the Reserve Bank of India (RBI), and borrowing from abroad.
 Net Borrowing at Home: Represents the borrowing through domestic financial markets.
 Borrowing from RBI: Refers to the loans or advances taken from the central bank.
 Borrowing from Abroad: Involves external loans and credits from foreign governments or international organizations.
 Fiscal Deficit: Reflects the gap between the total expenditure and total revenue (excluding borrowing) of the government.