| Column I | Column II | ||
| A. | Revenue Deficit | (i) | Revenue expenditure- Revenue receipts |
| B. | Fiscal Deficit | (ii) | Total expenditure -Total receipts other than borrowings + Capital receipts other than borrowings |
| C. | Primary Deficit | (iii) | Total deficit-Interest payments |
A) A-(i)
B) B-(ii)
C) C-(iii)
D) None of these
Correct Answer: A
Solution :
Fiscal deficit excludes borrowings, while primary deficit is borrowing minus interest payment.
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