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प्रश्न
Distinguish between revenue deficit and fiscal deficit.
उत्तर
| Basis of Difference | Revenue Deficit | Fiscal Deficit |
| 1. Meaning | Excess of revenue expenditure of the government over its revenue receipts. | Excess of the total budget expenditure over total budget receipts net of borrowings |
| 2. Significance | The regular receipts of the government are not enough to meet its regular expenditures | The borrowings of the government, i.e. the debt capital receipts of the government |
| 3. Formula | Revenue deficit = Revenue expenditure − Revenue receipts |
Fiscal deficit = Total budget expenditure − (Total budget receipts − borrowings) i.e. Fiscal deficit = Borrowings |
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संबंधित प्रश्न
Define revenue
State the relation between marginal revenue and average revenue.
Give the relationship between the revenue deficit and the fiscal deficit.
Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y (a) What is the level of equilibrium income? (b) Calculate the value of the government expenditure multiplier and the tax multiplier. (c) If government expenditure increases by 200, find the change in equilibrium income.
Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100, calculate the effect on output of a 10 per cent increase in transfers, and a 10 per cent increase in lump-sum taxes. Compare the effects of the two.
Explain why the tax multiplier is smaller in absolute value than the government expenditure multiplier.
Are fiscal deficits inflationary?
Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.
Which of the following factors necessitated the need for economic reforms?
______ in the budget is an important measure of deficit.
What is relation between government deficit and government debt?
______ are the transactions between the residents of two countries that take place due to consideration of profit.
Fiscal deficit equals:
The shape of average revenue curve in monopoly is ______
Compare the trends depicted in the figures given below:
| Figure 1: Trends in Fiscal deficit and Primary deficit |
Figure 2: Fiscal deficit as a percent of Budget estimate |
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How good is the system of G.S.T as compared to the old tax system?
A large amount of fiscal deficit proves to be counter productive. Give any two reasons in support of this statement.
