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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
The government imposes tax ______.
The state can promote economic development by ______.
The major objective of monetary policy is ______.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Differentiate between direct and indirect taxes.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
What is meant by regressive taxation?
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 Incidence of a tax.
