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Questions › IIT JAM › IIT JAM 2023 › Q25
2 marks, −0.667Public Economics › Public expenditure and public debt › Government budget and deficit conceptsModerateabout 2 min

IIT JAM 2023 Question 25: Public expenditure and public debt

Match List-I with List-II. (a) Fiscal Deficit (b) Revenue Deficit (c) Primary Deficit; (i) revenue expenditure minus revenue receipts (ii) total expenditure minus total non-debt receipts minus interest payments (iii) total expenditure minus total non-debt receipts.

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Public expenditure and public debt has come up 29 times in 6 exams since 2012.

What this question tests

This question is on Government budget and deficit concepts, part of Public expenditure and public debt in Public Economics.

The vocabulary and arithmetic of the budget: balances, deficits and expenditure types.

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