Question : The ____ balance is equal to capital flows from the rest of the world minus capital flows to the rest of the world.

Option 1: current account

Option 2: saving account

Option 3: capital account

Option 4: asset account

Question : The gross primary deficit can be expressed as ______.

Option 1: Gross fiscal deficit – Net interest liabilities

Option 2: Capital expenditure – Revenue deficit

Option 3: Gross fiscal deficit + Net interest liabilities

Option 4: Revenue deficit + Capital expenditure

Question : What situation would result if government expenditure exceeds the government revenue in the current account?

Option 1: Deficit budgeting

Option 2: Zero-based budgeting

Option 3: Performance-based budgeting

Option 4: Surplus budgeting

Question : If the government revenue expenditure exceeds revenue receipt, it is called:

Option 1: revenue deficit

Option 2: primary deficit

Option 3: capital deficit

Option 4: fiscal deficit

Question : Gross primary deficit is the difference between ______.

Option 1: revenue deficit and interest receipts

Option 2: gross fiscal deficit and interest receipts

Option 3: revenue deficit and interest payments

Option 4: gross fiscal deficit and net interest liabilities