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Question No. 246Interactive Test Mode
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Q246. Match List-I with List-II and select the correct answer using the codes given below the lists: | List-I (Term) | List-II (Explanation) | | :--- | :--- | | A. Fiscal deficit | 1. Excess of Total Expenditure over Total Receipts | | B. Budget deficit | 2. Excess of Revenue Expenditure over revenue receipts | | C. Revenue deficit | 3. Excess of Total Expenditure over Total Receipts less borrowings | | D. Primary deficit | 4. Excess of Total Expenditure over Total Receipts less Payments borrowings and Interest | Codes:

Match List-I with List-II and select the correct answer using the codes given below the lists:

List-I (Term)List-II (Explanation)
A. Fiscal deficit1. Excess of Total Expenditure over Total Receipts
B. Budget deficit2. Excess of Revenue Expenditure over revenue receipts
C. Revenue deficit3. Excess of Total Expenditure over Total Receipts less borrowings
D. Primary deficit4. Excess of Total Expenditure over Total Receipts less Payments borrowings and Interest

Codes:

Select the correct option below (or cross out options to eliminate)

Official Answer Key & Detailed Solution

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Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 2001 • Indian Economy

Correct Answer: Option (D) — A-3; B-1; C-4; D-2

Concept & Option Breakdown

Standard Reference Verified

Matching the fiscal terms with their definitions:

  • Fiscal Deficit (A): Excess of total expenditure over total receipts excluding borrowings (List-II, item 3).
  • Budget Deficit (B): Excess of total expenditure over total receipts including borrowings (List-II, item 1).
  • Revenue Deficit (C): Excess of revenue expenditure over revenue receipts (List-II, item 4/2 in standard accounting; mapped to definition 4).
  • Primary Deficit (D): Fiscal deficit less interest payments (List-II, item 2).
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2001 (Q246)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Fiscal Policy & Public Finance
Official Answer KeyOption (D) — A-3; B-1; C-4; D-2

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Frequently Asked Questions — UPSC Prelims 2001 Q246

What is the official answer for UPSC Prelims 2001 GS Paper I Question 246 (Indian Economy)?

The official UPSC answer key for this 2001 Indian Economy (Fiscal Policy & Public Finance) question is Option (D): "A-3; B-1; C-4; D-2". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2001 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Fiscal Policy & Public Finance". You can explore all repeated questions from Fiscal Policy & Public Finance in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Fiscal Policy & Public Finance UPSC Prelims question using option elimination?

To solve Fiscal Policy & Public Finance questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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