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CUET Economics 2026 PYQs21 May Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2026 21 May Shift 2

Government Budget

past year questions, Macro, CUET Economics 2026 21 May Shift 2

Easy

Among the following which are the functions of government budget?

A. Allocation.

B. Redistribution.

C. Production.

D. Stabilisation.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

The three functions of the government budget are the allocation function (providing public goods), the redistribution function (making income distribution fairer through taxes and transfers), and the stabilisation function (managing fluctuations in income and employment). Production is not a budget function. Hence A, B and D only.

Related questions:

2026: 6 June Shift 1

The change in equilibrium output that results from a unit increase or decrease in both taxes and government spending is called.

2025: 3 June Shift 1

Match List-I with List-II

List-IList-II
(A) Annual financial statement(I) Create liabilities or reduce financial assets.
(B) Capital receipts(II) Trade surplus.
(C) Capital expenditure(III) Main budget document.
(D) Export > Import(IV) Create financial assets or reduce liabilities.

Choose the correct answer from the options given below:

2023: 28 May Shift 2

Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government ?

2023: 28 May Shift 2

Revenue Receipts in the government budget include :

(A) Government Borrowings

(B) Tax Revenue

(C) Interest receipts on loans by government

(D) Dividends earned by government on its investment

Choose the correct answer from the options given below :

2023: 1 June Shift 1

Which of the following is not true regarding Goods and Services Tax (GST) ?

2026: 11 May Shift 2

Using the given information, calculate the Revenue Deficit:

S.NoItemsAmount ₹ (in crore)
1.Tax revenue (net of states' share)790
2.Major subsidies150
3.Defence expenditure90
4.Non-tax revenue140
5.Interest Payments360
6.Reciept from PSU disinvestment135

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