Question : The difference between total government expenditures and total government revenues is known as:

Option 1: The budget deficit
 

Option 2: The budget surplus
 

Option 3: The national debt

Option 4: The trade deficit

Question : Which of the following is correct.
 

Option 1: Primary deficit= fiscal deficit + interest payments
 

Option 2: Revenue deficit= total expenditure - total receipts
 

Option 3: Fiscal deficit= revenue expenditure - revenue receipts
 

Option 4: Primary deficit= fiscal deficit - interest payments.
Hence, Option D is correct.

Question : Borrowings are equivalent to:

Option 1: Revenue receipts
 

Option 2: Revenue expenditure
 

Option 3: Primary deficit

Option 4: Fiscal deficit

Question : From the following data about the government budget, determine fiscal deficit.
Total receipts excluding borrowings- 1050
Revenue deficit- 600
Capital expenditure- 450
Revenue expenditure- 1600
Interest payments- 25% of revenue deficit.
 

Option 1: 1900
 

Option 2: 1500
 

Option 3: 1200
 

Option 4: 1000
 

Question : From the following data about the government budget, determine fiscal deficit.
Total receipts excluding borrowings- 40000
Revenue deficit- 5000
Capital expenditure- 45000
Revenue expenditure- 16000
Interest payments- 25% of revenue deficit.
 

Option 1: 19000
 

Option 2: 15000
 

Option 3: 25000
 

Option 4: 21000