Explanation:

Statement 1 and 2: These both are external situations, for e.g. in case of higher GDP than GNP, more income is being generated abroad by Indian nationals than being generated domestically by foreigners working or (investing) in India. Moreover, a fiscal deficit situation may not require external borrowing to bridge the deficit at  all, so statement 2 is also incorrect. What this indicates is that the government is spending beyond its means. Basically, receipts are all forms of money accruing to the government, be it income or borrowings). Fiscal deficit may be shown in the quantitative form (i.e., the total currency value of the deficit) or in the percentage form of the GDP for that particular year (percentage of GDP). India has been a country of not only regular but higher fiscal deficits. Moreover, the composition of its fiscal deficit has been more prone to criticism because it always contains a  revenue deficit component.