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Question

Which of the following is/are correct about India's 'primary deficit'?
1. This is the fiscal deficit after deducting the cost of interest payment.
2. Falling fiscal deficit and rising primary deficit is considered good.
3. Interest payment constitutes around 82 per cent of India's fiscal deficit.


A
Only 1
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B
Only 2
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C
1 and 2
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D
1,2 and 3
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Solution

The correct option is D 1,2 and 3
India's fiscal deficit for 2016-2017 was 3.5 per cent while the primary deficit was 0.3 per cent. It means, the cost of interest payment was 3.2 per cent (Union Budget 2017-18).

Economics

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