Identify the correct formula :

(A) Gross Fiscal Deficit = Total Expenditure of the Government - (Revenue Receipts + Non-Debt Creating Capital Receipts)

(B) Gross Fiscal Deficit = Total Expenditure of the Government - Total Receipts

(C) Gross Fiscal Deficit = Gross Primary Deficit - Net Interest Liabilities

(D) Gross Fiscal Deficit = Net Borrowing at Home + Borrowing from RBI + Borrowing from abroad

(E) Gross Fiscal Deficit = Borrowing from RBI + Borrowing from ABroad

Choose the correct answer from the options given below :

(A) and (D) only

The correct answer is option (1) : (A) and (D) only

Let's analyze each option to identify the correct formulae for Gross Fiscal Deficit: 

(A) Gross Fiscal Deficit: Total Expenditure of the Government - (Revenue Receipts + Non-Debt Creating Capital Receipts): This formula does correctly represent the Gross Fiscal Deficit and it , it indicates the total borrowing requirements of the government from all sources.

 (D) Gross Fiscal Deficit = Net Borrowing at Home + Borrowing from RBI + Borrowing from Abroad

This formula does correctly represent the Gross Fiscal Deficit and it , it indicates Gross Fiscal Deficit financing side.

Therefore, the correct answer is (3) (C) and (D) Only.