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In this question, we are given two lists:
List-I: Types of Deficit
- A. Fiscal Deficit
- B. Revenue Deficit
- C. Effective Revenue
- D. Primary Deficit
List-II: Explanation
- 1. Total Expenditure - Revenue Receipts & Non-debt Capital Receipts (A)
- 2. Revenue Expenditure - Revenue Receipts (B)
- 3. Revenue Deficit - Deficit Grants for Creation of Capital Assets (C)
- 4. Fiscal Deficit - Interest Payments (D)
We need to match the types of deficit in List-I with their corresponding explanations in List-II.
Option 1: A B C D 12 3 4
According to this option, the matches are as follows:
- A matches with 1
- B matches with 2
- C matches with 3
- D matches with 4
Therefore, Option 1 is the correct answer.
Each type of deficit is explained as follows:
- Fiscal Deficit (A): It is the total expenditure minus revenue receipts and non-debt capital receipts.
- Revenue Deficit (B): It is the revenue expenditure minus revenue receipts.
- Effective Revenue Deficit (