Q.36) Answer (c)
Fiscal responsibility and budget management act aims to bring down Fiscal deficit to 2% by 2008 and the revenue deficit to zero by 2008.
Q.37) Answer (a)
Revenue deficit = revenue receipts – Revenue expenditure;
Budget deficit = Total receipts – Total expenditure;
Fiscal deficit = Revenue receipts + Nondebt creating capital receipts – Total expenditure (F.D. is government borrowings);
Primary deficit = Fiscal deficit – Interest payments.
Q.38) Answer (d)
Q.39) Answer (c)
Q.40) Answer (b)
Q.41) Answer (b)
Q.42) Answer (a)
Q.43) Answer (b)
Q.44) Answer (a)
Q.45) Answer (d)
Q.46) Answer (b)
Q.47) Answer (b)
Q.48) Answer (a)
Q.49) Answer (d)
Q.50) Answer (c)