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Q73 (IAS/2001) History & Culture › National Movement (1857–1947) › National movement chronology

Match List I with List II and select the correct answer using the codes given below the Lists

List I (Term) | List II (Explanation)
I. Fiscal deficit | (A) Excess of Total Expenditure over Total Receipts
II. Budget deficit | (B) Excess of Revenue Expenditure over Revenue Receipts
III. Revenue deficit | (C) Excess of Total Expenditure over Total Receipts less borrowings
IV. Primary deficit | (D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

Result
Your answer: —  ·  Correct: A
Explanation
To solve this, match the specific definitions. Revenue Deficit is simply Revenue Expenditure minus Revenue Receipts (III matches B). Fiscal Deficit is the gap between Total Expenditure and Total Receipts excluding borrowings, representing the government's borrowing requirement (I matches C). Budget Deficit is the gap between Total Expenditure and Total Receipts (II matches A). Primary Deficit is the Fiscal Deficit minus Interest Payments (IV matches D). Therefore, the correct sequence is I-C, II-A, III-B, IV-D.
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SIMILAR QUESTIONS

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Match List I with List II and select the correct answer by using the codes given below the lists

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Match List I with List II and select the correct answer by using the codes given below the lists.

List I | List II
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Match List I with List II and select the correct answer by using the codes given below the lists

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Match List I with List II and select the correct answer by using the codes given below the lists

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