Option 1 -> Incorrectly matches Capital receipts with Budget deficit definition.
Option 2 -> Incorrectly matches Capital receipts with Budget deficit definition.
Option 3 -> Incorrectly matches Capital receipts with Budget deficit definition.
Option 4 -> Correctly matches all terms: Capital receipts create liability, Corporate saving is retained earnings, Budget deficit is excess expenditure, and Fiscal deficit represents borrowings.
Hence, Option 4: (A) - (IV), (B) - (III), (C) - (I), (D) - (II) -> Capital receipts (like government borrowings, disinvestment) create liabilities or reduce assets. Corporate saving represents undistributed profits or retained earnings. Budget deficit measures total expenditure exceeding total receipts. Fiscal deficit indicates the borrowing requirement of the government to meet its expenditure gap (Total Expenditure - Total Receipts excluding borrowings). -> correct