Identify Capital Receipt from the following:

The priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures, are set under ..........statement.

1. Medium-term Fiscal Policy
2. The Fiscal Policy Strategy
3. The Macroeconomic Framework
4. Fiscal Responsibility and Budget Management Act

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 which of the following is an example of non-debt capital receipts.

The excess of Government's Revenue Expenditure over Revenue Receipts is called...............

1. Revenue Deficit
2. Fiscal Deficit
3. Monetary Deficit
4. Primary Deficit

There may be times when demand exceeds available output under conditions of high employment and thus may give rise to inflation. In such situations, restrictive conditions may be needed to reduce demand. This intervention by the government is considered as

Which of the following are the functions of Government Budget?

(A) Restriction.

(B) Allocation.

(C) Redistribution.

(D) Stabilisation.

Choose the correct answer from the options given below: