Q19 of 50 Page 1

Primary deficit equals :

(Choose the correct alternative)


(a) Borrowings


(b) Interest payments


(c) Borrowings less interest payments


(d) Borrowings and interest payments both

The correct answer is c)Borrowings fewer interest payments. Primary deficit equals borrowings fewer interest payments.


More from this chapter

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17

National income is the sum of factor incomes accruing to :

(Choose the correct alternative)


(a) Nationals


(b) Economic territory


(c) Residents


(d) Both residents and non-residents

 18

What are revenue receipts in a government budget?

 20

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called :

(Choose the correct alternative)


(a) Current transactions


(b) Capital transactions


(c) Autonomous transactions


(d) Accommodating transactions

 21

Assuming real income to be ` 200 crores and price index to be 135, calculate nominal income.