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UPSC 2025: 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?
(a)%48,500 crores
(b)%51,500 crores
(c)%58,500 crores
(d)None of the above [P.T.0.
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Not attemptedCorrect Answer: (a) %48,500 crores
Gross primary deficit = Gross fiscal deficit − interest payments. With a fiscal deficit of ₹50,000 crore and interest liability of ₹1,500 crore, the figure is ₹50,000 crore – ₹1,500 crore = ₹48,500 crore. Borrowings via public bonds are a financing item and do not change the primary-deficit calculation. ([financialexpress.com](https://www.financialexpress.com/policy/economy-key-budget-terms-demystified-2940499/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2025 Indian Economy question?▼
The correct answer is option (a): %48,500 crores. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2025, GS Paper 1, as Question 65. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Fiscal Policy & Budget?▼
UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.