Subject: Economics
Book: Comprehensive Indian Economy
Every year, the Union Budget reveals the government’s revenue and expenditure estimates. The process includes preparation by the Ministry of Finance, parliamentary debates, and vote on demands. Key terms—like revenue deficit (difference between revenue expenditure and revenue receipts), fiscal deficit (total borrowings), and primary deficit (fiscal deficit minus interest payments)—often appear in exams. Understanding the distinction between plan vs. non-plan expenditure (older classification) or capital vs. revenue expenditure clarifies how funds are allocated. Focus also on FRBM targets and how budgetary announcements align with macroeconomic objectives such as growth and equity.
Which of the following is an example of a capital receipt for the government?
View QuestionWhat is the term for goods that are used together, such as cars and fuel?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhich of the following factors is NOT included in the calculation of Human Development Index (HDI)?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhat does the term “national income” refer to?
View QuestionWhat does the “Human Development Index” measure?
View QuestionWhat does “inclusive banking” mean?
View QuestionWhich of the following is an example of fiscal policy?
View QuestionWhich of the following is NOT an example of a direct tax?
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