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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.
संबंधित प्रश्न
Which of the following is an advantage of direct taxes?
The state can promote economic development by ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Distinguish between fiscal policy and monetary policy.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the term Impact of a tax.
Explain the term Incidence of a tax.
Explain the significance of taxes.
Give two examples of direct taxes.
