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.
What does “inclusive banking” mean?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is the primary function of the International Monetary Fund (IMF)?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is meant by “credit rating”?
View QuestionWhich is the largest source of tax revenue for the Government of India?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhat is the meaning of “disguised unemployment”?
View QuestionWhich of the following measures can reduce a trade deficit?
View Question