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

Option 1: Revenue deficit 

Option 2: Fiscal deficit

Option 3: Primary deficit 

Option 4: Budgetary deficit.

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 : 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 : It indicates inability of the government to meet its regular and recurring expenditure.
 

Option 1: Revenue deficit 
 

Option 2: Fiscal deficit
 

Option 3: Primary deficit 
 

Option 4: Budgetary deficit.
 

Question : It refers to difference between fiscal deficit of the current year and the interest payment on the previous borrowings.

Option 1: Revenue deficit 

Option 2: Fiscal deficit

Option 3: Primary deficit 

Option 4: Budgetary deficit.