If in a year, the gross fiscal deficit of a Government is Rs. 3,00,000 crore, revenue deficit is Rs. 1,50,000 crore and interest payment are Rs. 80,000 crore, then the primary deficit of the Government in the year is:

If in a year, the gross fiscal deficit of a Government is Rs. 3,00,000 crore, revenue deficit is Rs. 1,50,000 crore and interest payment are Rs. 80,000 crore, then the primary deficit of the Government in the year is: Correct Answer Rs. 2,20,000 crore

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Identify the following statements and reason– Statement (A): Fiscal deficit is higher than budget deficit. Reason (R): Fiscal deficit means that government is meeting its expenses by borrowing from Reserve Bank of India and other lenders of the government. Code: