| List - I (Components of Budget) | List - II (Explanations) |
|---|---|
| A. Revenue Deficit | I. The total receipts of the government excluding loans and borrowings |
| B. Fiscal Deficit | II. The difference between total expenditure and total revenue excluding borrowings |
| C. Capital Expenditure | III. Expenditure on the creation of assets like infrastructure or buildings |
| D. Primary Deficit | IV. The fiscal deficit excluding interest payments on past borrowings |
1
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
2
(A) - (II), (B) - (I), (C) - (III), (D) - (IV)
3
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
4
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)