The term 'Primary Deficit' indicates: MCQ with Answer and Explanation

Question
The term 'Primary Deficit' indicates:
A. Fiscal deficit including interest payments
B. Fiscal deficit excluding interest payments
C. Revenue deficit excluding interest payments
D. Budgetary deficit only
Answer: Option B
Solution (By JKSSB Mock Tests)
Primary deficit = Fiscal deficit − Interest payments. It shows the borrowing requirement of the government excluding the interest burden of past debt.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The 'Dunkel Draft' was associated with:
A. human rights
B. climate change
C. GATT/WTO negotiations
D. IMF reforms
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Dunkel Draft was a proposal by Arthur Dunkel that formed the basis of the Uruguay Round agreement.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a component of the capital account of India's balance of payments?
A. Software service exports
B. Interest payments on external debt
C. Remittances from abroad
D. Foreign direct investment and portfolio investment
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Foreign direct investment and portfolio investment are capital account transactions. Software exports, remittances and interest payments form part of the current account.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Public Accounts Committee' is chaired by a member of:
A. opposition party
B. RBI
C. NITI Aayog
D. ruling party
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The PAC is traditionally chaired by a member of the opposition.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: