Question : In a government budget, primary deficit is Rs. 1500 crore and interest payments is Rs. 180 crore. How much is the fiscal deficit?
Option 1: 1000
Option 2: 1220
Option 3: 1320
Option 4: 1440
Correct Answer:
1320
Solution :
Primary deficit= Fiscal deficit- interest payments
1500= Fiscal deficit-180
Fiscal deficit- Rs. 1320 crore
Hence, Option C is correct.