Match the following pairs and select the correct answer:

1. Primary Deficit  A. It refers to the excess of total revenue expenditure of the government over its total revenue receipts.
2. Fiscal deficit B. It is defined as the excess of total expenditure over total receipts excluding borrowings during a fiscal year.
3. Revenue Deficit C.  It is defined as fiscal deficit minus interest payments on previous borrowings.

1
1-A, 2-B 3-C
2
1-A, 2-C, 3-B
3
1-C, 2-B 3-A
4
1-C, 2-A 3-B
5
Question Not Attempted

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