Which of the following statements is true ? (A) Fiscal deficit is the difference between the government's budgetary expenditure and budgetary receipts excluding borrowings. (B) Primary deficit is the difference between total receipts and interest payments. (C) Increase in revenue deficit will always lead to higher fiscal deficit. (D) Primary deficit equals revenue deficit less interest payments. (E) Revenue deficit refers to excess of government's revenue expenditure over its revenue receipts. Choose the correct answer from the options given below :

Question

Option 1: (C) and (E) only

Option 2: (B) and (D) only

Option 3: (A) and (E) only

Option 4: (A) and (C) only

AfterBoards · Accepted Answer

The answer is '(A) and (E) only'. View full solution:

CUET Economics PYQs

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