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The Government : Budget And The Economy

Question
CBSEENEC12013411
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Borrowing in government budget is

  • Revenue deficit

  • Fiscal deficit

  • Primary deficit

  • Deficit in taxes

Solution

B.

Fiscal deficit

Fiscal deficit: The fiscal deficit is defined as the excess of government revenue over government expenditure. Hence borrowing in government budget is a fiscal deficit.

Some More Questions From The Government : Budget And The Economy Chapter

State objectives of government budget?
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How can a government budget help in reducing inequalities through redistribution of income? Explain. 
or
Explain 'allocation of resources' objective of governent budget. 

Explain the two components (revenue budget and capital budget) of government budget.  

What do you understand by Budget Receipts (Govt. Receipts)? Describe its two types.

Differentiate between Revenue Receipts and Capital Receipts.

Describe components of Revenue Receipts (Receipts from tax revenue and non tax revenue).
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Distinguish between Tax and non-tax revenue. Name two sources of non-tax revenue receipts.  

Explain components of Capital Receipts.
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Giving reasons categorise the following into revenue receipts and capital receipts. 
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Distinguish between Direct and Indirect taxes.
or
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