Correct Answer : Option (D) - Fiscal Deficit
* Revenue deficit refers to the excess of revenue expenditure over revenue receipts.
* Effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets.
* Fiscal deficit is the difference between the revenue receipts plus non-debt capital receipts and the total expenditure including loans, net of repayments. This indicates the total borrowing requirements of Government from all sources.
* Primary deficit is measured by fiscal deficit less interest payments.
Published On : June 26, 2021
Category : Indian Economy
