Question

Match List I with List II:
List 1 (Term)                                                  List II (Explanation)
(A) Fiscal Deficit                                             (1) Excess of total expenditure over total receipts, less borrowing
(B) Budget Deficit                                           Excess of total expenditure over total receipts
(C) Revenue Deficit                                         Excess of revenue expenditure over revenue receipts
(D) Primary Deficit                                          Excess of total expenditure over total receipts, less borrowings and interest payment.
Choose the correct answer from the options given below:

• A. (A)-(I). (B)-(II). (C)-(II). (D)-(IV)
• B. (A)-(I), (B)-(II), (C)-(IV), (D)-(III)
• C. (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
• D. (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Answer 1

The Correct Option is A

The correct answer is (A) :(A)-(I). (B)-(II). (C)-(II). (D)-(IV)