Macro

Government Budget

Easy

Identify the government deficit calculated by the following formula:

Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

Primary Deficit

Gross Fiscal Deficit

Capital Expenditure

Revenue Deficit

✅ Correct Option: 2

Gross fiscal deficit is the total borrowing requirement of the government. By the financing side it equals net borrowing at home plus borrowing from the RBI plus borrowing from abroad. Hence the formula describes the gross fiscal deficit.

2026: 23 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Tax revenue	I.	Interest receipts
B. Non-tax revenue	II.	Sale of shares in Public Sector Units
C. Capital receipts	III.	Loans from another country
D. Debt creating receipts	IV.	Corporation tax

Choose the correct answer from the options given below:

2026: 12 May Shift 1

Which of the following is related to public provision?

2026: 31 May Shift 1

The intervention of the government whether to expand demand or reduce it constitutes which of the following function.

2025: 3 June Shift 1

Identify the incorrect statement from the following about the revenue budget of the government.

2026: 15 May Shift 1

The Proportional Income Tax, acts as an __________, a shock absorber because it makes disposable income, and thus consumer spending purposes less sensitive to fluctuation in GDP.

2025: 30 May Shift 2

Which of the following is the best example of Public provision and Public Production respectively?

Identify the government deficit calculated by the following formula: Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Identify the government deficit calculated by the following formula:

Net borrowing at home + Borrowing from RBI + Borrowing from abroad.