Economics · Public Finance & Fiscal Deficits
Read the following statements regarding government deficits and select the correct answer using the codes given below: (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 at home + 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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- 1(a), (b), (c) and (d) are incorrect
- 2(a), (b), (c) and (d) are correct✓
- 3Only (a) and (c) are correct
- 4Only (a) and (b) are correct
Correct answer
(a), (b), (c) and (d) are correct
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