There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit. 1. Reducing revenue expenditur. 2. Introducing new welfare scheme. 3. Rationalizing subsidie. 4. Expanding industries Select the correct answer using the code given below.

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There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit. 1. Reducing revenue expenditur. 2. Introducing new welfare scheme. 3. Rationalizing subsidie. 4. Expanding industries Select the correct answer using the code given below.