Question

    Which of the following is the difference between all

    receipts and expenses in both revenue and capital account of the Government?
    A Primary Deficit Correct Answer Incorrect Answer
    B Secondary Deficit Correct Answer Incorrect Answer
    C Budgetary Deficit Correct Answer Incorrect Answer
    D Tertiary Deficit Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A deficit budget or budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the Government. Budgetary deficit is the sum of revenue account deficit and capital account deficit.

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