Identify the government deficit calculated by the following formula: Net borrowing at home + Borrowing from RBI + Borrowing from abroad. Option 1: Primary Deficit Option 2: Gross Fiscal Deficit Option 3: Capital Expenditure Option 4: Revenue Deficit

The answer is 'Gross Fiscal Deficit'. View full solution:

CUET Economics - Identify the government deficit calculated by the following formula: Net borrowing at home + Borrowing from RBI + Borrowing from abroad. | PYQs + Solutions

CUET Economics 2026 21st May Shift 2

Macro

Easy

Primary Deficit

Gross Fiscal Deficit

Capital Expenditure

Revenue Deficit

✅ Correct Option: 2

Related questions:

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Interest received from abroad	(I) revenue expenditure
(B) Partial repayment of loan	(II) capital expenditure
(C) Selling of equity of PSUs by the government	(III) revenue receipt
(D) Salaries given to government employees	(IV) capital receipt

Choose the correct answer from the options given below:

28 May Shift 2

Revenue Receipts in the government budget include :

(A) Government Borrowings

(B) Tax Revenue

(D) Dividends earned by government on its investment

Choose the correct answer from the options given below :

28 May Shift 2

The month in which the Goods and Services Tax became operational.