CUET Economics 2025 30 May Shift 2 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:

From the following which product has been kept out from the GST ambit?

The excess of Government's Revenue Expenditure over Revenue Receipts is called...............

1. Revenue Deficit
2. Fiscal Deficit
3. Monetary Deficit
4. Primary Deficit