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 : What are the differences between revenue expenditures and revenue receipts?

Option 1: Revenue

Option 2: Total expenditure

Option 3: Revenue deficit

Option 4: Total revenue

Question : _____ is the interest rate at which the Reserve Bank absorbs liquidity from banks against the collateral of eligible government securities under the LAF.

Option 1: SDF Rate

Option 2: Reverse Repo Rate

Option 3: Bank Rate

Option 4: Repo Rate

Question : If the average cost falls, the marginal cost 

Option 1: increase at a higher rate

Option 2: to fall at the same rate

Option 3: increases at a lower rate

Option 4: to fall at a higher rate

Question : A government budget shows a primary deficit of INR 6,900 crore. The revenue expenditure on interest payments is INR 400 crore. Fiscal deficit is equal to:

Option 1: INR 6,500 crore

Option 2: INR 7,300 crore

Option 3: INR 7,100 crore

Option 4: INR 6,900 crore