Quiz 2 On budget

Multiple-choice Quiz

Q1: What is effective revenue deficit?

Revenue Deficit - Interest Liabilities

Revenue Deficit - Grants

Revenue Deficit - Grants from revenue expenditure which are used for creation of capital assets

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Q2: What is Fiscal Deficit?

Borrowing and other liabilities

Total expenditure - total receipts

Total Expenditure - Revenue Receipts

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Q3: What is Primary Deficit?

Revenue deficit - Interest payments

Fiscal Deficit - Interest payments

Effective Revenue Deficit- Interest payments

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Q4: What is revenue deficit?

Revenue expenditure - revenue receipts

Revenue expenditure- total receipts

total expenditure - revenue receipts

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Q5: Which of the following is true?

Plan Expenditure > Non Plan Expenditure

Plan Expenditure < Non Plan Expenditure

Plan Expenditue = Non Plan Expenditure

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