CUET Economics 2025 3 June Shift 1 PYQs

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

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

The government imposes taxes that do not depend on income is called.

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.

Choose the correct answer from the options given below: