CUET Economics - One kind of deficit in the annual Budget will have to be financed through borrowings. It indicates the total borrowing requirements of the government from all sources it is known as : | PYQs + Solutions

CUET Economics 2023 28 May Shift 2

Macro

Easy

Money deficit

Fiscal deficit

Macro deficit

Micro deficit

✅ Correct Option: 2

Related questions:

16 May Shift 1

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.

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

Choose the correct answer from the options given below:

2 June Shift 1

Which of the following statements are incorrect?

(A) Loans from IMF is a Revenue Receipt.

(B) Capital Receipts are shown on the liabilities of the balance sheet.

(D) Revenue Deficit is the excess of capital receipts over the revenue receipts.

Choose the correct answer from the options given below:

13 May Shift 2

From the following, identify the main features of Fiscal responsibility and Budget Management act.

(A) The actual deficits may exceed the targets specified only on grounds of national security or natural calamity or such other exceptional grounds as the central government may specify.

(B) The Act mandates the central government to take appropriate measures to reduce fiscal deficit to not more than 3 percent of GDP

(D) Measures to be taken to ensure greater transparency in fiscal operations.

Choose the correct answer from the options given below:

CUET Economics 2023 28 May Shift 2 PYQs

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