Government Budget and the Economy (CBSE Class-12 Economics): Questions 29 - 31 of 31

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Question number: 29

» Government Budget and the Economy » Government Budget

Essay Question▾

Describe in Detail

How can a government budget help in reducing inequalities of income? Explain.

Explanation

Reducing inequalities of income is one type of objectives of government budget. The government is promoting right distribution of income in an economy. It is taxation policy the government taxes the higher income groups in economy.

Power extracted from the higher income groups through taxes is then transferred to poor… (31 more words) …

Question number: 30

» Government Budget and the Economy » Government Budget

Short Answer Question▾

Write in Short

Define government budget.

Question number: 31

» Government Budget and the Economy » Measures of Government Deficit

Essay Question▾

Describe in Detail

What is ‘fiscal deficit’? What are its implications?

Explanation

Fiscal deficit: - It measures the total borrowing requirements of the government. It is used as a budgetary tool for understanding the budget developments in India. Fiscal deficit refers to the excess of total expenditure over total receipts Fiscal Deficit = Total Expenditure – Total Receipts excluding borrowings.

Implication of… (106 more words) …

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