Question : The total amount of money owed by a government is known as:

Option 1: The budget deficit

Option 2: The national debt

Option 3: The trade deficit

Option 4: The current account deficit

Question : The government's budget deficit can be financed through ____________.

Option 1: External grants

Option 2: Fiscal discipline 

Option 3: Monetary policy

Option 4: Domestic borrowing

Question : The difference between a government's total revenue and total expenditure is known as:

Option 1: National income
 

Option 2: Fiscal deficit
 

Option 3: Trade deficit

Option 4: Budget surplus

Question : If a country receives more income from its foreign investments than it pays to foreign investors, it will have a:

Option 1: Current account surplus

Option 2: Current account deficit

Option 3: Capital account surplus

Option 4: Capital account deficit

Question : Gross Fiscal Deficit =

Option 1: Borrowing from the government + Borrowing from abroad

Option 2: Borrowing from the government + Borrowing from abroad+ Net borrowing at home

Option 3: Borrowing from the government + Borrowing from RBI + Borrowing from abroad

Option 4: Borrowing from RBI + Borrowing from abroad + Net borrowing at home