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 is the objective of the Pradhan Mantri Jan Dhan Yojana?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhat does the term “capital account” refer to in the balance of payments?
View QuestionWhat is the “law of diminishing marginal utility”?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat does the Gini Coefficient measure?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhat is the primary role of the Securities and Exchange Board of India (SEBI)?
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