CUET Economics 2025 16 May Shift 1 PYQs

Which of the following feature of GST removes/reduces the cascading effect?

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:

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

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