{"id":2859,"date":"2026-04-22T20:08:18","date_gmt":"2026-04-22T14:38:18","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2859"},"modified":"2026-04-22T20:08:20","modified_gmt":"2026-04-22T14:38:20","slug":"a-countrys-fiscal-deficit-stands-at-50000-crores-it-is-receiving-10000-crores-through-non-debt-creating-capital-receipts-the-countrys-interest-liabilities-are-1500-crores-what","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/prelims\/a-countrys-fiscal-deficit-stands-at-50000-crores-it-is-receiving-10000-crores-through-non-debt-creating-capital-receipts-the-countrys-interest-liabilities-are-1500-crores-what","title":{"rendered":"A country\u2019s fiscal deficit stands at 50,000 crores. It is receiving 10,000 crores through non-debt-creating capital receipts. The country\u2019s interest liabilities are 1,500 crores. What is the gross primary deficit?\u00a0\u00a0"},"content":{"rendered":"\n<ul class=\"wp-block-list mcq\">\n<li>48,500 crores\u00a0\u00a0\u00a0<\/li>\n\n\n\n<li>51,500 crores\u00a0\u00a0\u00a0\u00a0<\/li>\n\n\n\n<li>58,500 crores\u00a0\u00a0\u00a0\u00a0<\/li>\n\n\n\n<li>None of the above\u00a0\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (a) 48,500 crores<\/strong>&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To find the\u00a0<strong>Gross Primary Deficit<\/strong>, we need to use the following formula:<\/li>\n\n\n\n<li><strong><mark>Gross Primary Deficit = Fiscal Deficit\u2212Interest Payments<\/mark><\/strong><\/li>\n\n\n\n<li>Given:\n<ul class=\"wp-block-list\">\n<li>Fiscal Deficit = \u20b950,000 crores<\/li>\n\n\n\n<li>Interest Liabilities = \u20b91,500 crores<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Non-debt-creating capital receipts are not needed to calculate the Primary Deficit directly<\/strong>. They are part of the financing of the fiscal deficit, but do not affect the primary deficit calculation.<\/li>\n\n\n\n<li><strong>Gross Primary Deficit = 50,000 \u2212 1,500 = 48,500 crores<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer: (a) 48,500 crores&nbsp;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3,1],"tags":[38],"years":[63],"class_list":["post-2859","post","type-post","status-publish","format-standard","hentry","category-prelims","category-upsc","tag-indian-economy","years-63"],"acf":[],"taxonomy_info":{"category":[{"value":3,"label":"Prelims"},{"value":1,"label":"UPSC"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":63,"label":"2025"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1},{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2859"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2859\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2859"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}