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

Related questions:

20th May Shift 1

From the following data about the budget, determine the primary deficit.

Items	Amount (In Rs. crore)
Revenue expenditure	150
Capital receipts (excluding borrowing)	105
Interest payments	30
Revenue receipts	120
Capital expenditure	170

19th May Shift 2

Government provides certain goods and services which cannot be provided by the market mechanism i.e. by exchange between individual consumers and producers. Which of the following is related to public goods?

1 June Shift 1

To establish a parity in taxation in the country and extend the principles of 'value added taxation' to all goods and service a tax is introduced. The name of the tax is :

CUET Economics 2025 27 May Shift 2 PYQs

Keyboard Shortcuts