Subject: Economics
Book: Comprehensive Indian Economy
Fiscal policy involves government spending, taxation, and borrowing to steer the economy. In India, the annual Union Budget outlines revenue and expenditure plans, revealing priorities for sectors like infrastructure, agriculture, and social welfare. Concepts like revenue deficit, fiscal deficit, and primary deficit are central to gauging fiscal health. The Fiscal Responsibility and Budget Management (FRBM) Act sets targets to maintain fiscal discipline. Exam readiness requires clarity on how changes in tax structures—like GST—and public spending shape economic growth, plus an understanding of how deficits are managed through market borrowings and bond issuances.
Which of the following is NOT an example of an indirect tax?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is meant by “stagflation”?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat is the main aim of the “Startup India” initiative?
View QuestionWhich of the following is NOT a component of Aggregate Demand?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhich of the following measures is most effective in controlling inflation?
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