Question : Which of the following expressions is correct regarding the Gross fiscal deficit?

Option 1: Gross fiscal deficit = Net borrowing at home - Borrowing from RBI + Borrowing from abroad

Option 2: Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad

Option 3: Gross Fiscal deficit = Net borrowing at home + Borrowing from RBI - Borrowing from abroad

Option 4: Gross fiscal deficit = Net borrowing at home - Borrowing from RBI - Borrowing from abroad

Question : Which of the following expressions is correct?

Option 1: Gross Primary Deficit = Gross Fiscal Deficit + Net Interest Liabilities

Option 2: Gross Primary Deficit = Gross Fiscal Deficit – Net Interest Liabilities

Option 3: Gross Primary Deficit = Gross Fiscal Deficit ÷ Net Interest Liabilities

Option 4: Gross Primary Deficit = Gross Fiscal Deficit × Net Interest Liabilities

Question : The gross primary deficit can be expressed as ______.

Option 1: Gross fiscal deficit – Net interest liabilities

Option 2: Capital expenditure – Revenue deficit

Option 3: Gross fiscal deficit + Net interest liabilities

Option 4: Revenue deficit + Capital expenditure

Question : Gross primary deficit is the difference between ______.

Option 1: revenue deficit and interest receipts

Option 2: gross fiscal deficit and interest receipts

Option 3: revenue deficit and interest payments

Option 4: gross fiscal deficit and net interest liabilities

Question : Identify the incorrect equation.

Option 1: Revenue receipts = Tax revenue (net of State's share) less non-tax revenue

Option 2: Gross fiscal deficit = Total expenditure - (Revenue receipts + Non-debt creating capital receipts)

Option 3: Gross primary deficit = Gross fiscal deficit - Net interest liabilities

Option 4: Revenue deficit = Revenue expenditure - revenue receipts