Suppose the revenue expenditure is Rs. 80,000 crores and the revenue receipts of the Government are Rs. 60,000 crores. The Government budget also shows borrowings of Rs. 10,000 crores and interest payments of Rs. 6,000 crores. Which of the following statements are correct?

I . Revenue deficit is Rs. 20,000 crores.

II. Fiscal deficit is  Rs. 10,000 crores.

III. Primary deficit is Rs. 4,000 crores.

Select the correct answer using the code given below.

1
I and II only
2
II and III only
3
I and III only
4
I, II and III

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