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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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