Subject: Economics
Book: Comprehensive Indian Economy
Public finance studies government revenue, expenditure, and debt management. The center and states raise funds via taxes, market borrowings, and external loans. Debt sustainability rests on prudent fiscal consolidation—if deficits are high over time, interest payments can crowd out development expenditure. Key metrics include debt-to-GDP ratio and interest coverage. The FRBM Act imposes rules to keep deficits within targets. In exam contexts, be ready to assess how large debt affects inflation, currency stability, and growth. Also highlight the role of zero-based budgeting or outcome budgeting to ensure efficient resource allocation.
Which of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhat is meant by “credit rating”?
View QuestionWhat is meant by “monetary policy”?
View QuestionWhat is the term for the price at which demand and supply in a market are equal?
View QuestionWhat does the term “capital account” refer to in the balance of payments?
View QuestionWhich of the following is NOT part of the World Bank Group?
View QuestionWhat is the main purpose of monetary policy?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
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