Q244
Which of the following deficits are true in their representation? (1) Budget deficit = Total expenditure - Total receipts (2) Revenue deficit = Revenue expenditure - Revenue receipts (3) Fiscal deficit = Total expenditure - Total receipts except borrowings (4) Primary deficit = Fiscal deficit - Interest payments
A.
1, 3 and 4
B.
1, 2 and 4
C.
2, 3 and 4
D.
1, 2, 3 and 4
AnswerAnswer: Option D
Solution
Answer: Option D
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