The term 'Primary Deficit' is defined as: MCQ with Answer and Explanation

Question
The term 'Primary Deficit' is defined as:
A. Budget deficit minus interest payments
B. Fiscal deficit minus interest payments
C. Fiscal deficit plus interest payments
D. Revenue deficit minus interest payments
Answer: Option B
Solution (By JKSSB Mock Tests)
Primary deficit = Fiscal deficit − Interest payments. It indicates the borrowing requirement of the government excluding interest payments on previous borrowings.
This question belongs to: Economy GK Economy Set 1
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Question #1
The 'Economic Survey' in India is prepared by:
A. NITI Aayog
B. RBI
C. Department of Economic Affairs, Ministry of Finance
D. National Statistical Office
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Correct Answer: Option C

Explanation:
The Economic Survey is prepared by the Department of Economic Affairs in the Ministry of Finance.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:
A. agricultural and processed food products
B. textiles
C. machinery
D. petroleum products
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Correct Answer: Option A

Explanation:
APEDA promotes exports of agricultural and processed food products.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a qualitative method of credit control used by RBI?
A. Open Market Operations
B. Bank Rate
C. Moral Suasion
D. Cash Reserve Ratio
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Correct Answer: Option C

Explanation:
Moral suasion is a qualitative (selective) method of credit control where RBI persuades banks to follow certain credit policies. Bank Rate, OMO and CRR are quantitative methods.
This question belongs to: Economy GK Economy Set 1
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