In the context of Indian public finance, 'Effective Revenue Deficit' is defined as:
A. Primary deficit plus interest payments
B. Revenue deficit plus capital expenditure
C. Fiscal deficit minus interest payments
D. Revenue deficit minus grants for creation of capital assets
Answer: Option D
Solution (By JKSSB Mock Tests)
Effective Revenue Deficit is Revenue Deficit minus grants given by the Centre to states and union territories for the creation of capital assets.
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