Economics · Government Budget and the Economy
Assertion (A): Primary deficit reflects the current fiscal stance and borrowing requirements of the government exclusive of past commitments. Reason (R): Primary deficit is calculated by deducting interest payments from the fiscal deficit.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are true and R is the correct explanation of A✓
- 2Both A and R are true but R is not the correct explanation of A
- 3A is true but R is false
- 4A is false but R is true
Correct answer
Both A and R are true and R is the correct explanation of A
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