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 : From the following data calculate Interest payments-
Fiscal deficit- 1250
Revenue deficit- 200
Primary deficit- 1255
Revenue receipts- 300
Non-debt creating capital receipts- 2000
Capital expenditure- 3050
 

Option 1: 3
 

Option 2: 2
 

Option 3: 4
 

Option 4: 5
 

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

Question : The primary deficit is calculated as ____________ minus interest payments.

Option 1: Revenue deficit  

Option 2: Fiscal deficit 

Option 3: Capital receipts

Option 4: Revenue receipts

Question : From the following data about the government budget, determine fiscal deficit.
Total receipts excluding borrowings- 1050
Revenue deficit- 600
Capital expenditure- 450
Revenue expenditure- 1600
Interest payments- 25% of revenue deficit.
 

Option 1: 1900
 

Option 2: 1500
 

Option 3: 1200
 

Option 4: 1000