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 measures can reduce a trade deficit?
View QuestionWhat is “inflation targeting”?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhat is the primary role of the Securities and Exchange Board of India (SEBI)?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhich of the following is considered a public good?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
View QuestionWhat is a “repo rate”?
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