Chapter 4: Government Budget and the Economy
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Government budget affects:
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Budget ensures:
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Subsidies help:
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Public goods include:
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Taxes on rich promote:
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Budget reduces:
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Economic growth is promoted by:
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Stabilization function deals with:
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Allocation function refers to:
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Budget helps in:
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High fiscal deficit implies:
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Borrowing reduces:
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Primary deficit excludes:
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Fiscal deficit leads to:
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Revenue deficit shows:
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If interest = 0, primary deficit =
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Primary deficit =
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Fiscal deficit indicates:
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Fiscal deficit =
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Revenue deficit =
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Which creates assets?
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Capital expenditure reduces:
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Interest payments are:
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Expenditure on defence is:
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Subsidies are:
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Loan repayment is:
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Example of capital expenditure:
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Capital expenditure:
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Example of revenue expenditure:
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Revenue expenditure:
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Which increases liabilities?
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Dividends from PSUs are:
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Recovery of loans is:
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Non-tax revenue includes:
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Example of indirect tax:
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Direct tax is paid by:
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Borrowings are:
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Capital receipts:
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Example of revenue receipt:
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Revenue receipts do NOT:
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Budget is prepared annually by:
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Government budget promotes:
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Fiscal policy deals with:
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Main objective of budget is:
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Deficit budget occurs when:
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Surplus budget occurs when:
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Balanced budget means:
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Financial year in India is:
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Government budget is a statement of:
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