Match List I with List II and select the correct answer using the code given below the Lists List nd...........

Indian Economy (CDS) Economy

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Match List-I with List-II and select the correct answer using the code given below the Lists:

List – I List – II

(Type of Deficit) (Explanation)

A. Fiscal Deficit 1. Total ExpenditureRevenue Receipts & Non-debt Capital Receipts

B. Revenue Deficit 2. Revenue ExpenditureRevenue Receipts

C. Effective 3. Revenue DeficitRevenue Deficit Grants for Creations of Capital Assets

D. Primary Deficit 4. Fiscal DeficitInterest Payments

Code:

A B C D

1 2 3 4

1 3 2 4

4 2 3 1

4 3 2 1

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Explanation:

Fiscal deficit is when the actual revenue generated fails to meet the expenditure. Revenue deficit is basically the mismatch between revenue and the expenditure. Here the amount of revenue and expenditure do not correspond with each other. The amount of capital receipts supposed to be used for actual consumption expenditure of the government is called Effective revenue deficit. We get Primary deficit by deducting interest payment from fiscal deficit. It is a part of fiscal deficit.