Economics · Public Finance
Read the following statements regarding fiscal indicators in India and select the correct option: (a) Revenue Deficit = Revenue Expenditure − Revenue Receipts (b) Gross Fiscal Deficit = Total Expenditure − (Revenue Receipts + Non-debt creating capital receipts) (c) Gross Fiscal Deficit = Net borrowing from domestic market + Borrowing from RBI + Borrowing from abroad (d) Gross Primary Deficit = Gross Fiscal Deficit − Net Interest Liabilities
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All (a), (b), (c) and (d) are incorrect
- 2All (a), (b), (c) and (d) are correct
- 3Only (a) and (c) are correct
- 4Only (a) and (b) are correct✓
Correct answer
Only (a) and (b) are correct
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