Economy : Public Finance-Borrowing, Deficits & Debt

Q 12 / 14

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 Total
Receipts
B. Budget deficit 2. Excess of Revenue Expenditure over revenue
receipts
C Revenue deficit 3 Excess of Total Expenditure over Total
Receipts less borrowings
D. Primary deficit 4. Excess of Total Expenditure over Total
Receipts less borrowings and Interest Payments