Macro

Government Budget

Easy

____________ is the difference between the government's total expenditure and its total receipts excluding borrowing.

Fiscal deficit

Revenue deficit

Primary deficit

Capital deficit

✅ Correct Option: 1

Fiscal deficit $=$ Total expenditure $-$ Total receipts excluding borrowings. It measures the government's total borrowing requirement. Revenue deficit relates only to the revenue account, and primary deficit is fiscal deficit minus interest payments.

2026: 19 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Budgetory transactions)	LIST-II (Components)
A. Wealth tax	I. Capital Expenditure
B. Sale of shares in Public Sector Undertakings	II. Revenue Receipts
C. Interest payments on debt by the government	III. Non-debt creating capital receipts
D. Loans and advances by the central government to state	IV. Revenue Expenditure

Choose the correct answer from the options given below:

2026: 12 May Shift 1

Which of the following is related to public provision?

2025: 15 May Shift 1

Which of the following are the features of public goods?

2025: 15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Interest received from abroad	(I) revenue expenditure
(B) Partial repayment of loan	(II) capital expenditure
(C) Selling of equity of PSUs by the government	(III) revenue receipt
(D) Salaries given to government employees	(IV) capital receipt

Choose the correct answer from the options given below:

2025: 26 May Shift 2

The progressive taxation system seeks to achieve which of the following objectives of the government budget?

2025: 16 May Shift 1

Which of the following is a debt creating capital receipt of the government?

____________ is the difference between the government's total expenditure and its total receipts excluding borrowing.

Solution

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