CUET Economics 2025 21 May Shift 1 PYQs

There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year which runs from............

Identify which of the following statements are correct?

(A) Fiscal deficit is the difference between total revenue and total expenditure excluding borrowing of the government.

(B) Fiscal deficit is the difference between total planned expenditure and total planned receipts of the government.

(C) Primary deficit is the difference between total planned receipt and interest payments.

(D) Fiscal deficit is the sum of primary deficit and interest payment.

Choose the correct answer from the options given below:

Identify the incorrect statement from the following about the revenue budget of the government.

1. It records all the transactions which are recurring in nature.
2. Proceeds from disinvestment are recorded under this category.
3. It has two components- revenue receipts and revenue expenditure.
4. Payment of salaries by the government departments is recorded in government budget.