Economics · Fiscal Policy
Consider the following statements: Statement I: Fiscal deficit is the difference between total expenditure and the sum of revenue receipts and non-debt capital receipts. Statement II: Primary deficit is derived by deducting capital expenditure from fiscal deficits. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement I nor Statement II
- 2Both Statements I and II
- 3Statement II only
- 4Statement I only✓
Correct answer
Statement I only
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