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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 essential feature of a tax.
Monetary policy means regulation of money supply by the monetary authority.
The state can promote economic development by ______.
Define fiscal policy.
Distinguish between fiscal policy and monetary policy.
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
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.
