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Daily Current Affairs Quiz: February 17, 2026

Daily Prelims Quiz 17th February 2026

Q1.
Fiscal deficit represents:

A. Excess of revenue expenditure over revenue receipts
B. Total expenditure minus total receipts excluding borrowings
C. Total borrowings minus interest payments
D. Capital expenditure minus capital receipts

Q2.
Revenue deficit occurs when:

A. Revenue expenditure exceeds revenue receipts
B. Capital expenditure exceeds capital receipts
C. Fiscal deficit rises above FRBM target
D. Interest payments exceed tax revenue

Q3.
Which of the following is classified as capital expenditure in the Union Budget?

A. Salaries of government employees
B. Interest payments on public debt
C. Construction of national highways
D. Subsidies on food and fertilizers

Q4.
Which of the following is included in the Capital Receipts of the Union Budget?

A. Corporation tax
B. Disinvestment proceeds
C. Interest receipts
D. Dividend from PSUs

Q5.
Primary deficit is equal to:

A. Revenue deficit plus borrowings
B. Revenue deficit minus capital expenditure
C. Fiscal deficit plus interest payments
D. Fiscal deficit minus interest payments

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