Fiscal Deficit = Total expenditure - Total receipts (True/ False)

Are the following statements true or false? Give reasons.
Primary deficit is the difference between capital deficit and interest payments.

When total expenditure = 55,250, total receipts = 46,400, revenue receipts = 8,200 and borrowings = 9,000, then fiscal deficit = 650. (True/ False)

Capital receipts do not reduce assets of the government. (True/ False)

Are the following statements true or false? Give reasons.
Direct tax are generally 'Proportional in nature.

Borrowing from the general public leads to an increase in revenue deficit. (True/ False)

Government budget is presented only by the central government in India. (True/ False)

Are the following statements true or false? Give reasons.
Service tax is a indirect tax as its impact and incidence is on the same individual.

Expenditure on interest payment is a capital expenditure. (True/ False)

Are the following statements true or false? Give reasons.
Government budget is a statement of actual receipts and payments of the government.