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 factors is NOT included in the calculation of Human Development Index (HDI)?
View QuestionWhat is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhich of the following is an example of fiscal policy?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhich of the following is a feature of monopolistic competition?
View QuestionWhich of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhat is “currency devaluation”?
View QuestionWhat is the objective of the Pradhan Mantri Jan Dhan Yojana?
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