CUET Economics 2025 26 May Shift 2Macro > MediumAllocation function of the government.Redistribution function of the government.Stabilisation function of the government.Public provision by the government.✅ Correct Option: 3Related questions:14 May Shift 1The excess of Government's Revenue Expenditure over Revenue Receipts is called............... Revenue Deficit Fiscal Deficit Monetary Deficit Primary Deficit 3 June Shift 2There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year which runs from............16 May Shift 1Due 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: