CUET Economics 2026 23rd May Shift 1 PYQs

Identify the correct statements from the following.

(A) Borrowings are non-debt creating capital receipt.

(B) Revenue deficit is same as borrowings of the government.

(C) When a government spends more than it collects by way of revenue, it incurs a budget deficit.

(D) The revenue deficit includes only such transactions that affect the current income and expenditure of the government.

Choose the correct answer from the options given below:

Identify the goods that are excludable and rival in nature from the following:

Which of the following taxes is a tax levied by the state governments that has been subsumed under GST?