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?

1. (a) ₹48,500 croresCorrect answer
2. (b) ₹51,500 crores
3. (c) ₹58,500 crores
4. (d) None of the above

Answer: (a)