Question

Match List-I with List-II:

List-I		List-II
A	Fiscal Deficit	I	Import minus export of goods and services.
B	Primary Deficit	II	Revenue expenditure minus revenue receipt.
C	Revenue Deficit	III	Fiscal deficit minus interest payment.
D	Current Account Deficit	IV	Capital expenditure plus revenue deficit.

Choose the correct answer from the options given below

• (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (IV), (B) - (III), (C) - (I), (D) - (II)
• (A) - (II), (B) - (IV), (C) - (III), (D) - (I)

Hint:

What are fiscal, primary and revenue deficits?

Answer 1

The Correct Option is A

(A) *Fiscal deficit* is the total expenditure exceeding revenue receipts, including interest payments.

(B) *Primary deficit* is the fiscal deficit less interest payments.

(C) *Revenue deficit* is the excess of revenue expenditure over revenue receipts.

(D) *Current account deficit* represents the value of imported goods and services minus exports.

Therefore, the correct association is (A) - (IV), (B) - (III), (C) - (II), (D) - (I). Consequently, option (a) is the accurate answer.