Match List-I with List-II
|
List-I |
List-II |
|
(A) Capital receipts |
(I) Excess of total expenditure over and above all total receipts of the government |
|
(B) Corporate saving |
(II) Borrowings of the government |
|
(C) Budget deficit |
(III) Retained earnings of firm |
|
(D) Fiscal deficit |
(IV) Create a liability for the government |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II)
(A) Capital receipts → (IV) Create a liability for the government. Capital receipts include borrowings, recovery of loans, etc., which create future obligations.
(B) Corporate saving → (III) Retained earnings of firm. Corporate savings refer to profits retained by companies rather than distributed as dividends.
(C) Budget deficit → (I) Excess of total expenditure over and above all total receipts of the government. It includes both revenue and capital account deficits, excluding borrowings.
(D) Fiscal deficit → (II) Borrowings of the government. Fiscal deficit reflects the total borrowing requirement of the government.