To obtain an estimate of borrowing on account of current expenditures exceeding revenues, we need to calculate what has been called the primary deficit. Gross primary deficit... Option 1: Total expenditure - Total Revenue. Option 2: Gross fiscal deficit - Net interest liabilities. Option 3: Net borrowing at home + Borrowing from RBI + Borrowing from abroad. Option 4: Total expenditure - (Revenue receipts + Non-debt creating capital receipts).

The answer is 'Gross fiscal deficit - Net interest liabilities.'. View full solution:

CUET Economics - To obtain an estimate of borrowing on account of current expenditures exceeding revenues, we need to calculate what has been called the primary deficit. Gross primary deficit... | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Medium

Total expenditure - Total Revenue.

Gross fiscal deficit - Net interest liabilities.

Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

Total expenditure - (Revenue receipts + Non-debt creating capital receipts).

✅ Correct Option: 2

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13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Public Provision	(I) No feasible way to deny anyone to use public goods.
(B) Stabalisation Function	(II) Goods are produced directly by the government.
(C) Non-Excludable	(III) Financed through the budget and can be used without any direct payment.
(D) Public Production	(IV) Whether to expand demand or reduce it.

Choose the correct answer from the options given below:

26 May Shift 2

There may be times when demand exceeds available output under conditions of high employment and thus may give rise to inflation. In such situations, restrictive conditions may be needed to reduce demand. This intervention by the government is considered as

CUET Economics 2022 Slot 5

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.

(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 :

CUET Economics 2025 27 May Shift 2 PYQs

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