HARD
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Calculate (a) Revenue Deficit, (b) Fiscal Deficit and (b) Primary Deficit from the following data:

Particular (₹ in Crore)
(i) Revenue Expenditure 45,000
(ii) Borrowings 12,000
(iii) Revenue Receipts 35,000
(iv) Interest Payments 30% of Revenue Deficit

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Important Questions on Government Budget and the Economy

MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
What is the 'revenue deficit'?
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Primary Deficit = _____ - Interest Payments.
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
_____ deficit includes interest payment by the Government on the past loans.
EASY
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Borrowings are equivalent to:
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Primary Deficit can be estimated using the formula _____.
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit

The interest payments as per the government budget during a year are ₹9000 crores, which is 40% of primary deficit, then fiscal deficit is equal to ₹_____.

EASY
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
In a government budget, revenue deficit is ₹50000 crores and borrowings are ₹75000 crores. The fiscal deficit will be:
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Fiscal deficit is equal to Primary deficit plus _____.
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Revenue Deficit can be estimated using the formula _____.
EASY
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
The difference between fiscal deficit and interest payment is called _____.
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Choose the correct statements regarding the measures of Government Deficit.
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Fiscal Deficit can be estimated using the formula _____.
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
If primary deficit is ₹5300 crores and interest payment is ₹300 crores, then fiscal defict is ₹_____?
EASY
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
Which of the following statement is true?
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
The formula to calculate Primary deficit is _____.
 
HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
_____ Deficit indicates that government is using up savings of other sectors of the economy to finance its consumption expenditure.
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
_____ Deficit measures the total borrowing requirements of the government.
MEDIUM
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit
If interest payments are estimated at ₹40000 crores and total borrowing requirements are ₹70000 crores, then primary deficit is ₹_____.
 
EASY
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit

_____ deficit is the difference between total expenditure and total receipts other than borrowing.

HARD
Economics>Macroeconomics>Government Budget and the Economy>Debt and Deficit

Which of the following is true in the context of the Ricardian Equivalence?