In deficit financing, the difference between expenditure and revenue is covered by printing new notes. Meaning of this sentence is Economic development. But if it is unsuccessful then the condition arise is known as?

A) Currency contraction

B) Demonetization

C) Currency devaluation

D) Currency inflation

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 1993 (GS Paper I)