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 : Gross primary deficit is equal to ____________.

Option 1: difference between gross fiscal deficit and interest payments

Option 2: difference between total expenditure and total receipts

Option 3: difference between net borrowings and net capital receipts

Option 4: difference between revenue deficit and capital expenditure

Question : The dividends received by the government from Public Sector Undertakings (PSUs) are ________.

Option 1: capital expenditure

Option 2: capital receipts

Option 3: non-tax revenue receipts

Option 4: tax revenue receipts

Question : Which of the following is the best estimate of the total borrowings by the government?

Option 1: Primary Deficit

Option 2: Revenue Receipts

Option 3: Money Supply

Option 4: Fiscal Deficit

Question : If money supply growth is faster than real Gross Domestic Product (GDP) growth, it results in _______.

Option 1: inflation

Option 2: deflation

Option 3: budget surplus

Option 4: budget deficit