Which of the following is true about Primary deficit?
A. It is the difference between fiscal deficit and interest payments on previous borrowings
B. It is government՚s deficit which is financed through short-term borrowings
C. It is that part of the government deficit which is financed solely by borrowing from the RBI
D. Defined as the excess of total expenditure of the government over the total non-debt creating receipts
Answer:A
Which of the following is true about Primary deficit?
A. It is the difference between fiscal deficit and interest payments on previous borrowings B. It is government՚s deficit which is financed through short-term borrowings C. It is that part of the government deficit which is financed solely by borrowing from the RBI D. Defined as the excess of total expenditure of the government over the total non-debt creating receipts