41. Fiscal Policy, Budget, India's debt

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Which among the following can be called a Balanced Budget ?

Total Revenue of the Government Exceeding Total Expenditure

Total Expenditure of the Government Exceeding Total Revenue

Total Revenue of the Government exactly equal to total Expenditure

Total Expenditure of the Government exceeding or equal to Total Revenue

Which among the following definition is nearest to the Gross Budgetary Support?

value of gross revenue receipts by the government

Value of total plan expenditure

Fraction of total expenditure of the government on different Central sectors plans

Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan

In context of Budget, which among the following is not a Non-Plan Expenditure?

Revenue and Capital Expenditure on interest payments

Defense Expenditure

Grants to State governments & Union territories

Central Assistance to States and Union Territories

With which of the following the fiscal policy is related to ?

Open market Operations

Change in Reserve requirements

Liquidity Adjustment facility

Taxation and government spending

Deficit financing is a common practice in many countries in the world today. Which among the following is an incorrect statement regarding Deficit Financing?

Deficit Financing was popularized by J M Keynes

Deficit Financing generates employment to some extent

Deficit Financing helps in curbing the bad effects of Depression

All are correct