CUET Economics 2025 30 May Shift 2 PYQs

Arrange the following events in chronological order as per the time period.

(A) Gender Budgeting.

(B) Fiscal Responsibility and Budget Management Act.

(C) 101th Constitution Amendment Act.

(D) Goods and Service Tax.

Choose the correct answer from the options given below:

When a government spends more than it collections by way of revenue, it incurs a budget deficit. There are various measures that capture government deficit and they have their own implications for the economy. Figure out the statements which describe the nature of fiscal deficit in the economy.

A. Large portion of revenue deficit in fiscal deficit indicates larger investment in the economy.

B. It indicates the total borrowing requirements of the government from all sources.

C. It is calculated to obtain an estimate of borrowing on account of current expenditures exceeding revenues.

D. It is the difference between the government's total expenditure and its total receipts excluding borrowing.

Choose the correct answer from the options given below:

'Rs. 48,000 cr is allotted for PM Awas Yojana in this years budget'.

Identify the government objective fulfilled from the statement above.