{"id":85755,"date":"2025-06-01T03:27:04","date_gmt":"2025-06-01T03:27:04","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=85755"},"modified":"2025-06-01T03:27:04","modified_gmt":"2025-06-01T03:27:04","slug":"match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/","title":{"rendered":"Match List-I with List-II and select the correct answer using the code"},"content":{"rendered":"

Match List-I with List-II and select the correct answer using the code given below the Lists :<\/p>\n\n\n\n\n\n\n
List-I (Type of Deficit)<\/td>\nList-II (Explanation)<\/td>\n<\/tr>\n
A. Fiscal Deficit<\/td>\n1. Total Expenditure \u2013 Revenue Receipts & Non-debt Capital Receipts<\/td>\n<\/tr>\n
B. Revenue Deficit<\/td>\n2. Revenue Expenditure \u2013 Revenue Receipts<\/td>\n<\/tr>\n
C. Effective Revenue Deficit<\/td>\n3. Revenue Deficit \u2013 Grants for Creation of Capital Assets<\/td>\n<\/tr>\n
D. Primary Deficit<\/td>\n4. Fiscal Deficit \u2013 Interest Payments<\/td>\n<\/tr>\n<\/table>\n

[amp_mcq option1=”A-1, B-2, C-3, D-4″ option2=”A-1, B-3, C-2, D-4″ option3=”A-4, B-2, C-3, D-1″ option4=”A-4, B-3, C-2, D-1″ correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-2 – 2017<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe question asks to match different types of government deficits with their definitions. The definitions provided in List-II correspond directly to the standard definitions of these fiscal terms as used in government budgeting.
\n<\/section>\n
\n– **Fiscal Deficit:** Represents the total borrowing requirement of the government. It is calculated as Total Expenditure minus the sum of Revenue Receipts and Non-debt Capital Receipts. The formula A-1 is correct.
\n– **Revenue Deficit:** Occurs when the government’s revenue expenditure exceeds its revenue receipts. The formula B-2 is correct.
\n– **Effective Revenue Deficit:** Introduced to account for grants given by the Union Government to State Governments for the creation of capital assets. It is calculated as Revenue Deficit minus Grants for Creation of Capital Assets. The formula C-3 is correct.
\n– **Primary Deficit:** Represents the fiscal deficit excluding interest payments on previous borrowings. It indicates the government’s current year’s borrowing requirement to meet expenditure other than interest payments. The formula D-4 is correct.
\n<\/section>\n
\nUnderstanding different types of deficits is crucial for analyzing the fiscal health and policies of the government. While Revenue Deficit reflects a mismatch in the revenue account, Fiscal Deficit indicates the total resource gap. Primary Deficit helps understand the impact of current fiscal stance excluding the burden of past debt. Effective Revenue Deficit was a concept introduced to acknowledge that revenue expenditure includes grants that create future assets.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Match List-I with List-II and select the correct answer using the code given below the Lists : List-I (Type of Deficit) List-II (Explanation) A. Fiscal Deficit 1. Total Expenditure \u2013 Revenue Receipts & Non-debt Capital Receipts B. Revenue Deficit 2. Revenue Expenditure \u2013 Revenue Receipts C. Effective Revenue Deficit 3. Revenue Deficit \u2013 Grants for … <\/p>\n

Detailed SolutionMatch List-I with List-II and select the correct answer using the code<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[1101,1120,1196],"class_list":["post-85755","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-2","tag-1101","tag-economic-development","tag-fiscal-policy-revenue","no-featured-image-padding"],"yoast_head":"\nMatch List-I with List-II and select the correct answer using the code<\/title>\n<meta name=\"description\" content=\"The question asks to match different types of government deficits with their definitions. The definitions provided in List-II correspond directly to the standard definitions of these fiscal terms as used in government budgeting. - **Fiscal Deficit:** Represents the total borrowing requirement of the government. It is calculated as Total Expenditure minus the sum of Revenue Receipts and Non-debt Capital Receipts. The formula A-1 is correct. - **Revenue Deficit:** Occurs when the government's revenue expenditure exceeds its revenue receipts. The formula B-2 is correct. - **Effective Revenue Deficit:** Introduced to account for grants given by the Union Government to State Governments for the creation of capital assets. It is calculated as Revenue Deficit minus Grants for Creation of Capital Assets. The formula C-3 is correct. - **Primary Deficit:** Represents the fiscal deficit excluding interest payments on previous borrowings. It indicates the government's current year's borrowing requirement to meet expenditure other than interest payments. The formula D-4 is correct.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Match List-I with List-II and select the correct answer using the code\" \/>\n<meta property=\"og:description\" content=\"The question asks to match different types of government deficits with their definitions. The definitions provided in List-II correspond directly to the standard definitions of these fiscal terms as used in government budgeting. - **Fiscal Deficit:** Represents the total borrowing requirement of the government. It is calculated as Total Expenditure minus the sum of Revenue Receipts and Non-debt Capital Receipts. The formula A-1 is correct. - **Revenue Deficit:** Occurs when the government's revenue expenditure exceeds its revenue receipts. The formula B-2 is correct. - **Effective Revenue Deficit:** Introduced to account for grants given by the Union Government to State Governments for the creation of capital assets. It is calculated as Revenue Deficit minus Grants for Creation of Capital Assets. The formula C-3 is correct. - **Primary Deficit:** Represents the fiscal deficit excluding interest payments on previous borrowings. It indicates the government's current year's borrowing requirement to meet expenditure other than interest payments. The formula D-4 is correct.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T03:27:04+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Match List-I with List-II and select the correct answer using the code","description":"The question asks to match different types of government deficits with their definitions. The definitions provided in List-II correspond directly to the standard definitions of these fiscal terms as used in government budgeting. - **Fiscal Deficit:** Represents the total borrowing requirement of the government. It is calculated as Total Expenditure minus the sum of Revenue Receipts and Non-debt Capital Receipts. The formula A-1 is correct. - **Revenue Deficit:** Occurs when the government's revenue expenditure exceeds its revenue receipts. The formula B-2 is correct. - **Effective Revenue Deficit:** Introduced to account for grants given by the Union Government to State Governments for the creation of capital assets. It is calculated as Revenue Deficit minus Grants for Creation of Capital Assets. The formula C-3 is correct. - **Primary Deficit:** Represents the fiscal deficit excluding interest payments on previous borrowings. It indicates the government's current year's borrowing requirement to meet expenditure other than interest payments. The formula D-4 is correct.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/","og_locale":"en_US","og_type":"article","og_title":"Match List-I with List-II and select the correct answer using the code","og_description":"The question asks to match different types of government deficits with their definitions. The definitions provided in List-II correspond directly to the standard definitions of these fiscal terms as used in government budgeting. - **Fiscal Deficit:** Represents the total borrowing requirement of the government. It is calculated as Total Expenditure minus the sum of Revenue Receipts and Non-debt Capital Receipts. 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The formula D-4 is correct.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T03:27:04+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/","url":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-the-correct-answer-using-the-code-32\/","name":"Match List-I with List-II and select the correct answer using the code","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T03:27:04+00:00","dateModified":"2025-06-01T03:27:04+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The question asks to match different types of government deficits with their definitions. 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