Primary deficit equals

Indian Economy and Banking · Economic & Social Development · Hard · Practice for UPSC CSE GS 1

Primary deficit equals

Revenue deficit minus grants
Fiscal deficit minus interest payments
Total expenditure minus total receipts
Fiscal deficit plus interest payments

Answer and solution

Correct answer: B) Fiscal deficit minus interest payments

It shows the deficit excluding past debt servicing.

Learn the method: Indian Economy and Banking rules and worked examples · UPSC CSE GS 1 Economic & Social Development

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