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 is most effective in controlling inflation?
View QuestionWhich of the following is a direct tax?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat is the main purpose of monetary policy?
View QuestionWhat is “inflation targeting”?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhat is the primary purpose of Special Economic Zones (SEZs)?
View QuestionWhat is the term for goods that are used together, such as cars and fuel?
View QuestionWhich organization publishes the Human Development Index (HDI)?
View QuestionWhat is the objective of the Goods and Services Tax (GST)?
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