There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?
Syllabus Connection
NCERT Connection
Ch.5: Government Budget and the Economy
Economics • Class 12 • Class 12 Macroeconomics
Related PYQs in Government Budgeting
Which one of the following best describes the 'Crowding Out Effect' in the context of fiscal policy?
Consider the following statements : I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestment are capital receipts. III. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?
With reference to Union Budget, consider the following statements: 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct?
Comment on the important changes introduced in respect of the Long-term Capital Gains Tax (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019.
Women empowerment in India needs gender budgeting. What are the requirements and status of gender budgeting in the Indian context?