CUET Economics 2026 23rd May Shift 1Macro > EasyReduce the liability of the governmentIncreases the assets of the governmentDo not lead to a claim on the governmentDebt creating receipts✅ Correct Option: 3Related questions:14 May Shift 1The 'Ricardian equivalence' view argued that in the face of high deficits, people save more. It is called 'equivalence' because it argues that taxation and borrowing are equivalent means of ........... Financing expenditure Financing borrowing Financing Taxation Financing deficit 13 May Shift 1Which of the following feature of GST removes/reduces the cascading effect?28 May Shift 2Goods and Service Tax, the single comprehensive indirect tax on all goods and services, extends the principle of one of the following