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
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Correct Answer: Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad
Solution : The correct option is Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad.
This measure reflects the shortfall of the government's total spending compared to its total revenue, excluding borrowings. It is used to assess a government's fiscal responsibility, and its ability to meet its financial obligations.
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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 : If the government revenue expenditure exceeds revenue receipt, it is called:
Option 1: revenue deficit
Option 2: primary deficit
Option 3: capital deficit
Option 4: fiscal deficit
Question : Net Investment plus Depreciation gives an estimate of which of the following?
Option 1: Gross Domestic Product
Option 2: Personal income
Option 3: Gross investment
Option 4: Private investment
Question : The productivity of an ecosystem is composed of which of the following?
Option 1: Gross productivity and primary productivity
Option 2: Primary and secondary productivity
Option 3: Net productivity and consumption
Option 4: Net primary productivity and gross primary productivity
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