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Question

Match List I with List II and select the correct answer using the codes given below the lists:

List I
(Term)
List II
(Explanation)
A. Fiscal deficit 1. Excess of total expenditure over receipts
B. Budget deficit 2. Excess of revenue expenditure
C. Revenue deficit 3. Excess of total expenditure over total receipts less borrowings
D. Primary deficit4. Excess of total expenditure over total receipts less borrowings and interest payments

A
A-3 B-1 C-2 D-4
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B
A-2 B-3 C-4 D-1
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C
A-4 B-3 C-1 D-2
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D
A-4 B-1 C-3 D-2
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Solution

The correct option is A A-3 B-1 C-2 D-4
A. Fiscal deficit - Excess of total expenditure over total receipts less borrowings
B. Budget deficit - Excess of total expenditure over receipts.
C. Revenue deficit - Excess of revenue expenditure.
D. Primary deficit - Excess of total expenditure over total receipts less borrowings and interest payments.

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