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
More than one of the above
5
None of the above

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