CUET Economics PYQs

Due to recessionary pressure in an economy, suppose the government plans a deficit budget for a given financial year.

Identify the correct sequence in which this will affect the economy.

(A) Taxes will be reduced, and public spending will increase.

(B) GDP will start rising.

(C) Aggregate demand will rise.

(D) The purchasing power of the people will increase.

Choose the correct answer from the options given below:

The standard rate which is applied to the supply of goods and/or services across the country under the GST.

When goods are financed through the budget and can be used without any direct payment, they are known as.......