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 : 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 : Identify the correct match.
A) Pension to retired government employees - Revenue Receipt
B) Purchase of Machinery in Railways - Capital Expenditure

Option 1: Both A and B

Option 2: Only A

Option 3: Neither A nor B

Option 4: Only B

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 : Revenue expenditure minus revenue receipts is____________.

Option 1: revenue deficit

Option 2: budget deficit

Option 3: always negative

Option 4: always positive