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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CUET Economics 2025 27 May Shift 2 PYQs

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