Economics · Government Budget
Match the items in the First Column with the correct definitions in the Second Column: First Column: (a) Revenue Deficit (b) Fiscal Deficit (c) Primary Deficit (d) Capital Expenditure Second Column: (i) Excess of total expenditure over total receipts (excluding borrowings) (ii) Excess of revenue expenditure over revenue receipts (iii) Fiscal deficit minus interest payments (iv) Expenditure that creates assets or reduces liabilities
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)✓
- 2(a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)
- 3(a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
- 4(a)-(ii), (b)-(iii), (c)-(iv), (d)-(i)
Correct answer
(a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)
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