Multiple Choice Questions on The difference between fiscal deficit and interest payment during the year is called ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The difference between fiscal deficit and interest payment during the year is called ........

Economic Affairs Public Finance and Debt Management
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    The difference between fiscal deficit and interest payment during the year is called

    Fiscal deficit

    Incorrect Answer

    Budget deficit

    Incorrect Answer

    Primary deficit

    Correct Answer

    Revenue deficit

    Incorrect Answer
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    Explanation:

    3rd option is correct.
    The primary deficit is defined as the difference between current government spending on goods and services and total current revenue from all types of taxes net of transfer payments.

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