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M: +2.00/-0.50

Match List I with List II and select the correct answer using the codes given below the lists :

List I (Term)

A. Fiscal deficit

B. Budget deficit

C. Revenue deficit

D. Primary deficit

List II (Explanation)

1. Excess of Total Expenditure over Total Receipts

2. Excess of Revenue Expenditure over Revenue Receipts

3. Excess of Total Expenditure over Total Receipts less borrowings

4. Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

Codes : A B C D

I.A.S. (Pre) 2001

[Fiscal Policy, Inflation Planning and Banking]
A
B
C
D

EXPLANATION

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