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Government Budget and Deficits

1 UPSC Prelims MCQs tagged "Government Budget and Deficits". Free practice with answer keys, explanations, and timed mock tests on Anantam IAS.

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  1. Primary deficit is the difference between

    Primary deficit is the difference between

    1. ARevenue deficit and interest payments.
    2. BTotal revenue receipts and total revenue expenditure.
    3. CRevenue deficit and non-debt creating capital receipts.
    4. DFiscal deficit and interest payments.
    Answer and explanation

    Correct answer: D

    Primary deficit equals fiscal deficit minus interest payments on past borrowings. It strips out the burden of earlier debt and shows the government's current-year borrowing requirement for fresh spending. Option B describes the revenue deficit, so it doesn't apply here.

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    Indian Economy UPSC GPSC-2026 Medium