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

Primary Deficit = Fiscal deficit + Interest payment (True/ False).

Recovery of loans is a revenue receipt. (True/ False)

Are the following statements true or false? Give reasons.
Non-debt capital receipts only includes disinvestment.

State whether the following statement is true or false:
‘‘As per Keynesian theory in an economy, full employment can never exist.’’

Budget is in surplus when the last year receipts of the government greater than last years' expenditure of the government. (True/ False)

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

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

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

Are the following statements true or false? Give reasons.
Rise in revenue deficit will always lead to higher fiscal deficit.