Fiscal deficit is always equal to_________.

Value added tax is an example ______ of tax.

The receipts which neither create any liability nor lead to any reduction in asset are called _________.

Recovery of loans, borrowing and disinvestment etc. are the example of _______ receipts.

_______ is the year which begins on 1st April and ends on 31st March of the following year.

1. Current year.
2. Fiscal year.
3. New year.
4. None of these.

In India, the Constitution requires the Central Government to prepare 'Annual Financial Statement', i.e. government budget for the country as a whole. In India, ________ department of government prepares annual budget statement.

1. RBI.
2. income tax.
3. accounts.
4. finance.

A deficit budget in one where the estimate revenue is ______ than the estimated expenditure.

________ is equal to fiscal deficit less interest payment.