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प्रश्न
Explain 'Revenue Deficit in a Government budget? What does it indicate?
What is revenue deficit in government budget?
Explain the meaning of Revenue deficit
What is revenue deficit?
Define revenue deficit
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उत्तर
Revenue deficit means the excess of revenue expenditure of the government over its revenue receipts.
Revenue deficit = Revenue expenditure − Revenue receipts
Revenue deficit is indicated to the government as follows:
- Regular receipts of the government are not enough to meet regular expenditures.
- The government is using up savings of other sectors of the economy to meet its consumption expenditure.
- This gives a signal to either reduce its expenditure or increase its revenue. Curtail expenditure by taking steps to avoid unproductive expenses and increase revenue from various sources of tax and non-tax revenues
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संबंधित प्रश्न
Distinguish between revenue deficit and fiscal deficit.
Define 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?
Suppose marginal propensity to consume is 0.75 and there is a 20 per cent proportional income tax. Find the change in equilibrium income for the following (a) Government purchases increase by 20 (b) Transfers decrease by 20.
Explain the relation between government deficit and government debt.
Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.
Regressive tax is that which is ______.
The primary deficit in a government budget is ______.
Assertion (A): Fiscal deficit is measured in terms of borrowings.
Reason (R): External borrowings increases the Fiscal deficit.
A fiscal deficit is equal to borrowings. It is ______
______ are those transactions that are undertaken to cover deficit or surplus in autonomous transactions.
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?
Which of the following statements is true?
Fiscal Deficit equals:
The shape of average revenue curve in monopoly is ______
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.
