Which deficit includes only such transactions that affect the current income and expenditure of the government ?

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:

Which of the following is a debt creating capital receipt of the government?

Gross primary deficit = A – Net interest liabilities. Here A is-

Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______.

Which of the following taxes is a tax levied by the state governments that has been subsumed under GST?

There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year which runs from............