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 : On decreasing the price of a fan by 30%, its sales increase by 40%. What will be the percentage decrease in its revenue?

Option 1: 2% decrease

Option 2: 5% decrease

Option 3: 8% decrease

Option 4: 3% decrease

Question : What is the change in fiscal deficit if both the primary deficit and interest payments are doubled?

Option 1: Increase by 100%

Option 2: Increase by 200%

Option 3: Decrease by 50%

Option 4: Decrease by 100%

Question : Revenue expenditure minus revenue receipts is____________.

Option 1: revenue deficit

Option 2: budget deficit

Option 3: always negative

Option 4: always positive

Question : If the curved surface area of a cylinder is increased by 20% and height is decreased by 4%, then the net decrease or increase in the volume will be:

Option 1: 36% decrease

Option 2: 20% increase

Option 3: 50% increase

Option 4: 33% decrease