CUET Economics 2025 28 May Shift 2 PYQs

Which of the following are features of fiscal policy?

(A) Taxes and government spending are tools of fiscal policy.

(B) It is implemented by the central bank.

(C) It influences aggregate demand.

(D) It involves adjustments in public debt.

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Which of the following are the functions of Government Budget?

(A) Restriction.

(B) Allocation.

(C) Redistribution.

(D) Stabilisation.

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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

(C) The central government shall not borrow from the Reserve Bank of India except under specified conditions.

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

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