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 organization publishes the Human Development Index (HDI)?
View QuestionWhat is the main purpose of monetary policy?
View QuestionWhat is the term for the price at which demand and supply in a market are equal?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat does the “Human Development Index” measure?
View QuestionWhich of the following best describes “capital formation”?
View QuestionWhich of the following factors is NOT included in the calculation of Human Development Index (HDI)?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhat is meant by “crowding out” in economics?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
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