Question : Which of the following is correct.
 

Option 1: Primary deficit= fiscal deficit + interest payments
 

Option 2: Revenue deficit= total expenditure - total receipts
 

Option 3: Fiscal deficit= revenue expenditure - revenue receipts
 

Option 4: Primary deficit= fiscal deficit - interest payments.
Hence, Option D is correct.

Question : It refers to excess of revenue expenditure over revenue receipt during the given fiscal year.
 

Option 1: Revenue deficit 
 

Option 2: Fiscal deficit
 

Option 3: Primary deficit 
 

Option 4: Budgetary deficit.

Question : The term ____________ refers to the excess of total expenditure over total receipts, including borrowings.

Option 1: Budget deficit

Option 2: Fiscal deficit  

Option 3: Revenue deficit

Option 4: Primary deficit

Question : Identify the incorrect equation.

Option 1: Revenue receipts = Tax revenue (net of State's share) less non-tax revenue

Option 2: Gross fiscal deficit = Total expenditure - (Revenue receipts + Non-debt creating capital receipts)

Option 3: Gross primary deficit = Gross fiscal deficit - Net interest liabilities

Option 4: Revenue deficit = Revenue expenditure - revenue receipts

Question : From the following data calculate Interest payments-
Fiscal deficit- 1250
Revenue deficit- 200
Primary deficit- 1255
Revenue receipts- 300
Non-debt creating capital receipts- 2000
Capital expenditure- 3050
 

Option 1: 3
 

Option 2: 2
 

Option 3: 4
 

Option 4: 5