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?
Which of the following statements with regard to recommendations of the $\mathbf{1 5}$ th Finance Commission of India are correct?
I. It has recommended grants of ₹ 4,800 crores from the year 2022-23 to the year 2025-26 for incentivizing States to enhance educational outcomes.
II. $45 \%$ of the net proceeds of Union taxes are to be shared with States.
III. ₹ 45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms.
IV. It reintroduced tax effort criteria to reward fiscal performance.
Select the correct answer using the code given below.
Consider the following statements in respect of the International Bank for Reconstruction Development (IBRD):
I. It provides loans and guarantees to middle income countries.
II. It works single-handedly to help developing countries to reduce poverty.
III. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
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