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प्रश्न
Define the following term:
Fiscal deficit
Define fiscal policy.
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उत्तर
Fiscal deficit refers to the total amount of borrowing required by the government to finance its budget deficit, i.e., the excess of government expenditure over government revenue.
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संबंधित प्रश्न
The state can promote economic development by ______.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Which of the following taxes generate civic consciousness among people?
Differentiate between direct and indirect taxes.
Explain the term proportional taxation.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
State three demerits of an Indirect tax.
With reference to the taxation policy.
Differentiate between progressive and regressive taxes giving an example for each.
Citing reasons state the superiority of Progressive tax over regressive tax.
