Government Budget
There is no content available!
To Access the full content, Please Purchase
-
Q1
Primary deficit is the
Marks:1View AnswerAnswer:
fiscal deficit - interest payments.
Explanation:
Primary deficit means a position where total expenditure of the government excluding interest payments exceeds sum total of its revenue receipts and non-debt capital receipts. Primary deficit means the fiscal deficit minus interest payments. -
Q2
The main objective of government budget is
Marks:1View AnswerAnswer:
economic growth.
Explanation:
One of the main objective of government budget is economic growth. This can be achieved by controling population, reducing poverty and by reallocation of resources. -
Q3
The safe level of fiscal deficit is
Marks:1View AnswerAnswer:
5% of Gross Domestic Product.
Explanation:
Fiscal deficit is the difference between revenue and expenditure of the government. When expenditure exeeds revenue it is called deficit. 5% of Gross Domestic Product is the safest level of fiscal deficit decided by the government. -
Q4
Government budget is an
Marks:1View AnswerAnswer:
annual statement of the estimated receipts and expenditure.
Explanation:
The annual revenue and expenditure for a particular fiscal year is called Government Budget. -
Q5
Economy is performing well and the situations of inflation and deflation are not present in the economy then government will make
Marks:1View AnswerAnswer:
balanced budget
Explanation:
Balanced budget will not increase or decrease the aggeregate demand in economy because government will not increase or decrease public expenditure. Government will spend equal to its revenue earnings.
