Match List I with List II 

List I

(Term)

List II

(Explanation)

(A)

Fiscal Deficit

(I)

Exess of total expenditure over total receipts, less borrowing

(B)

Budget Deficit

(II)

Exess of total expenditure over total receipts 

(C)

Revenue Deficit

(III)

Exess of revenue expenditure over revence receipts

(D)

Primary Deficit

(IV)

Exess of total expenditure over total receipts, less borrowings and interest payment.

Choose the correct answer from the options given below:

1
(A) - (I), (B) - (II), (C) - (III), (D) - (IV) 
2
(A) - (I), (B) - (II), (C) - (IV), (D) - (III) 
3
(A) - (IV), (B) - (III), (C) - (II). (D) - (I) 
4
(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

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