Consider the following statements:
I. Capital receipts create a liability or cause a reduction in the assets of the Government.
II. Borrowings and disinvestment are capital receipts.
III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?
Consider the following statements about the Rashtriya Gokul Mission:
I. It is important for the upliftment of rural poor as majority of low producing indigenous animals are with small and marginal farmers and landless labourers.
II. It was initiated to promote indigenous cattle and buffalo rearing and conservation in a scientific and holistic manner.
Which of the statements given above is/are correct?
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?
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