Consider the following statements about Union financial operations in India in the previous five years : 1. Total Union expenditure has been in the range of 14-16 percent of GDP, 2. Total non-debt receipts of the Union have been in the range of 9-10 percent of GDP. 3. The borrowings of the Union have been in the range of 7-8 percent of GDP. Which of the statements given above is/are correct?1 only 2 and 3 only1 and 2 only1, 2 and 3

Submitted by examrobotsa on Thu, 01/01/1970 - 05:30

question_subject:

Economics

stats:

0,64,360,64,88,64,208

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

List I (Term)	List II (Explanation)
I. Fiscal deficit	(A) Excess of Total Expenditure over Total Receipts
II. Budget deficit	(B) Excess of Revenue Expenditure over Revenue Receipts
III. Revenue deficit	(C) Excess of Total Expenditure over Total Receipts less borrowings
IV. Primary deficit	(D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

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