Which of the following statements about government budget and deficits are correct? (A) A balanced budget occurs when government revenues equal its expenditures. (B) Fiscal deficit represents the total borrowing requirements of the government from all sources. (C) A revenue deficit indicates that the government is unable to meet its regular expenditure from its regular revenues. (D) Primary deficit accounts for the total fiscal deficit minus interest payments.
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1. (A), (B), (C)
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2. (B), (C), (D)
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3. (A), (C), (D)
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4. (A), (B)