Question

Match List-I with List-II and select the correct answer using the code given the lists.

List-I (Type of budget deficit)	List-II (Measurement of deficit)
A. Revenue Deficit	$1$. Gap between total expenditure and total receipts
B. Fiscal Deficit	$2$. Excess of revenue expenditure over revenue receipts
C. Primary Deficit	$3$. Fiscal deficit less interest payments
D. Budgetary Deficit	$4$. Difference between revenue receipts plus certain non-debt capital receipts and the total expenditure including loans, net of repayments

• A. A-$1$, B-$2$, C-$3$, D-$4$
• B. A-$2$, B-$4$, C-$3$, D-$1$
• C. A-$2$, B-$3$, C-$4$, D-$1$
• D. A-$1$, B-$4$, C-$3$, D-$2$

Answer 1

The correct option is B A-$2$, B-$4$, C-$3$, D-$1$

Revenue Deficit: It occurs when the actual amount of revenue expenditure and actual amount of received revenue do not match.
Fiscal Deficit: Fiscal deficit is an economic phenomenon, calculated as the budget deficit, plus the borrowings of the government.
Primary Deficit: Primary deficit is obtained by subtracting interest payments from fiscal deficit of any country of a particular year. It is the deficit in the fiscal budget, unaccounted for any borrowing related interest payments.
Budgetary Deficit: A budgetary deficit is a common economic phenomenon, which occurs when the spending of a government exceeds the government revenue.