Question : _____________ signifies that government own revenue is insufficient to meet the expenditure on normal functioning of government departments and provisions for various services.
Option 1: Revenue deficit
Option 2: Fiscal deficit
Option 3: Budgetary deficit
Option 4: Primary deficit
Correct Answer: Budgetary deficit
Solution : Revenue deficit signifies that government own revenue is insufficient to meet the expenditure on normal functioning of government departments and provisions for various services. Hence, Option C is correct.
Question : It refers to excess of revenue expenditure over revenue receipt during the given fiscal year.
Question : It indicates inability of the government to meet its regular and recurring expenditure.
Question : It is incurred for normal running of government departments and provision of various services.
Question : Which of the following is correct.
Question : Fill in the blanks- ____________________= Primary deficit + Interest payments .
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