Question : It refers to difference between fiscal deficit of the current year and the interest payment on the previous borrowings.
Option 1: Revenue deficit
Option 2: Fiscal deficit
Option 3: Primary deficit
Option 4: Budgetary deficit.
Correct Answer: Primary deficit
Solution : Primary deficit refers to difference between fiscal deficit of the current year and the interest payment on the previous borrowings.
Hence, Option C is correct.
Question : It refers to excess of revenue expenditure over revenue receipt during the given fiscal year.
Question : It indicates the total borrowings requirement of the government including interest.
Question : It indicates the total borrowings requirement of the government excluding interest.
Question : It refers to excess of total expenditure over total receipt excluding borrowrings during the given fiscal year.
Question : Gross primary deficit is the difference between ______.
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