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 : 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 : 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 concept of "fiscal deficit" in the government budget represents:

Option 1: The excess of total revenue over total expenditure

Option 2: The excess of total expenditure over total revenue

Option 3: The excess of revenue receipts over revenue expenditure

Option 4: The excess of capital receipts over capital expenditure

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.