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UPSC 2025 • Q61Indian Economy & Socio-Economic DevelopmentEasy
Fiscal Policy, Union Budget & Taxation System
Suppose the revenue expenditure is 80,000 crores and the revenue receipts of the Government are 60,000 crores. The Government budget also shows borrowings of 10,000 crores and interest payments of 6,000 crores. Which of the following statements are correct? I. Revenue deficit is 20,000 crores. II. Fiscal deficit is 10,000 crores. III. Primary deficit is 4,000 crores. Select the correct answer using the code given below.
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