Advertisements
Advertisements
Question
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
Solution
The correct option is (b). Fiscal deficit is the excess of total expenditure, i.e. revenue and capital expenditure over total receipts. This measure reflects total borrowings of the government during the financial year.
APPEARS IN
RELATED QUESTIONS
State the relation between marginal revenue and average revenue.
Give the relationship between the revenue deficit and the fiscal deficit.
Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100 (a) Find the equilibrium level of income and the autonomous expenditure multiplier in the model. (b) If government expenditure increases by 30, what is the impact on equilibrium income? (c) If a lump-sum tax of 30 is added to pay for the increase in government purchases, how will equilibrium income change?
Does public debt impose a burden? Explain.
Answer the following question.
In the given figure, what does the gap 'KT' represent? State any two fiscal measures to correct the situation.
Regressive tax is that which is ______.
Fiscal deficit = ______.
The primary deficit in a government budget is ______.
Which of the following statement is true?
| S. No. | Content | Rs (in crores) |
| 1. | Revenue Expenditure | 100 |
| 2. | Capital Receipts | 40 |
| 3. | Net Borrowings | 38 |
| 4. | Net Interest Payments | 27 |
| 5. | Tax Revenue | 50 |
| 6. | Non-tax Revenue | 15 |
Which of the following is the formula for revenue deficit?
Which of the following factors necessitated the need for economic reforms?
A fiscal deficit is equal to borrowings. It is ______
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as
The difference between fiscal deficit and interest payment is known as ______
______ are the transactions between the residents of two countries that take place due to consideration of profit.
If India exports goods worth ₹20 crores and imports goods worth ₹30 crores, it will have a ______
Which of the following points are related to the current alarm?
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.
