Statement The target of a fiscal deficit of 5% of GDP could not be met because of major shortfall in revenue collection.Assumptions I . Shortfall in revenue collection leads to an increase in fiscal deficit.II. Shortfall in revenue collection leads to a decrease in fiscal deficit.

if only Assumption II is implicit

if only Assumption I is implicit

if only Assumption II is implicit

If either Assumption I or II is implicit

if neither Assumption I nor II is implicit

Statement The target of a fiscal deficit of 5% of GDP could not be met

1.	Statement The target of a fiscal deficit of 5% of GDP could not be met because of major shortfall in revenue collection.Assumptions I . Shortfall in revenue collection leads to an increase in fiscal deficit.II. Shortfall in revenue collection leads to a decrease in fiscal deficit.
A.	if only Assumption I is implicit
B.	if only Assumption II is implicit
C.	If either Assumption I or II is implicit
D.	if neither Assumption I nor II is implicit
Answer» B. if only Assumption II is implicit

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Statement The target of a fiscal deficit of 5% of GDP could not be met because of major shortfall in revenue collection.Assumptions I . Shortfall in revenue collection leads to an increase in fiscal deficit.II. Shortfall in revenue collection leads to a decrease in fiscal deficit.

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