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 : 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 is incurred for normal running of government departments and provision of various services.
 

Option 1: Revenue expenditure 
 

Option 2: Capital expenditure 
 

Option 3: Primary expenditure 
 

Option 4: Budgetary expenditure 
 

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 : Fill in the blanks-
____________________= Primary deficit + Interest payments .
 

Option 1: Capital deficit
 

Option 2: Budgetary deficit
 

Option 3: Revenue deficit
 

Option 4: Fiscal deficit