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UPSC 2001: Match List I with List II and select the correct answer using the codes given below the Lists: List I (Term) I. Fiscal deficit II. Budget deficit III. Revenue deficit IV. Primary deficit List II (Explanation) A) Excess of Total Expenditure over Total Receipts B) Excess of Revenue Expenditure over Revenue Receipts C) Excess of Total Expenditure over Total Receipts less borrowings D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments
(a)I-C, II-A, III-B, IV-D
(b)I-D, II-C, III-B, IV-A
(c)I-A, II-C, III-B, IV-D
(d)I-C, II-A, III-D, IV-B
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Not attemptedCorrect Answer: (a) I-C, II-A, III-B, IV-D
Fiscal deficit = Total expenditure – Total receipts (excluding borrowings) → C; Budget deficit = Total expenditure – Total receipts (including borrowings) → A; Revenue deficit = Revenue expenditure – Revenue receipts → B; Primary deficit = Fiscal deficit – Interest payments → D. Thus the correct matching is I-C, II-A, III-B, IV-D. ([licchavilyceum.com](https://licchavilyceum.com/upsc-civil-services-prelims-2001-solved-question-paper/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2001 Indian Economy question?▼
The correct answer is option (a): I-C, II-A, III-B, IV-D. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2001, GS Paper 1, as Question 73. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Fiscal Policy & Budget?▼
UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.