Suppose the revenue expenditure is ₹ $ 80,000$ crores and the revenue receipts of the Government are ₹$ 60,000$ crores. The Government budget also shows borrowings of ₹$ 10,000$ crores and interest payments of ₹$. 6,000$ crores. Which of the following statements are correct?
I. Revenue deficit is ₹20,000 crores.
II. Fiscal deficit is ₹ 10,000 crores.
III. Primary deficit is ₹4,000 crores.
Select the correct answer using the code given below.
A country's fiscal deficit stands at ₹ $ 50,000$ crores. It is receiving ₹ $ 10,000$ crores through non-debt creating capital receipts. The country's interest liabilities are ₹ $ 1,500$ crores. What is the gross primary deficit?
Consider the following statements:
Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.
Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.
Which one of the following is correct in respect of the above statements?
Consider the following statements :
Statement-I : Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable.
Statement-II : InvITs are recognized as borrowers under the 'Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002'.
Which one of the following is correct in respect of the above statements?
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