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Question
| S. No. | Items | Budget Expenditure 2020-21 (percentage of GDP) |
| (i) | Revenue Receipts | 20.21 |
| (ii) | Gross Tax Receipts | 24.23 |
| (iii) | Net Tax Receipts | 16.36 |
| (iv) | Non-Tax Receipts | 3.85 |
| (v) | Non-debt Capital Receipts | 2.25 |
| (vi) | Non-debt Receipts | 22.46 |
| (vii) | Total Expenditure | 30.42 |
| (viii) | Revenue Expenditure | 26.30 |
| (ix) | Capital Expenditure | 4.12 |
If primary deficit is 0.88, the value of interest payment would be ______.
Options
7.96
7.08
4.12
3.85
MCQ
Fill in the Blanks
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Solution
If primary deficit is 0.88, the value of interest payment would be 7.08.
Explanation:
Primary deficit = Fiscal deficit − Interest payments
0.88 = 7.96 − Interest payments
Interest payments = Fiscal deficit − Primary deficit
= 7.96 − 0.88
= 7.08
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