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    Question

    Which of the following is the fiscal deficit for the

    current year minus interest payments on previous borrowings?
    A Fiscal deficit Correct Answer Incorrect Answer
    B Primary deficit Correct Answer Incorrect Answer
    C Current account deficit Correct Answer Incorrect Answer
    D Effective revenue deficit Correct Answer Incorrect Answer
    E Trade deficit Correct Answer Incorrect Answer

    Solution

    Primary deficit is the fiscal deficit for the current year minus interest payments on previous borrowings

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