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The question is asking which of the options does not show a decline in the revised estimates for the financial year 2013-2014, as presented in the Interim Budget for 2014-2015.
Option 1: Revenue deficit - A revenue deficit occurs when the government`s total revenue falls short of its total expenditure (excluding loans). If the revised estimates show a decline in the revenue deficit, it means that the deficit is decreasing, and therefore, option 1 is not the correct answer.
Option 2: Effective revenue deficit - The effective revenue deficit is a measure that takes into account the revenue deficit and grants for creation of capital assets. If the revised estimates do not show a decline in the effective revenue deficit, it means that this deficit is not decreasing. Therefore, option 2 is the correct answer.
Option 3: Fiscal deficit - The fiscal deficit is the difference between the government`s total expenditure and its total revenue, including borrowing and loans. If the revised estimates show a decline in the fiscal deficit, it means that the deficit is decreasing. Therefore, option 3 is not the correct answer.
Option 4: Primary deficit - The primary deficit is the fiscal deficit minus interest payments on previous borrowings. If the revised estimates show a decline in