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Question
Identify the correctly matched pair of the items in Column A to those in Column B:
Column A | Column B | ||
1 | Fiscal Deficit | (a) | Other than interest payments |
2 | Primary Deficit | (b) | Borrowings less interest payments |
3 | Revenue Deficit | (c) | Borrowings |
4 | Tax Deficit | (d) | Borrowings in government budget |
Options
1 - (a)
2 - (b)
3 - (c)
4 - (d)
MCQ
Solution
2 - (b)
Explanation:
The main deficit represented the government's borrowing needs, net of interest payments, to meet its fiscal obligations.
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Measures of Government Deficit Or Surpluses
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