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Test: Budget And Fiscal Deficits


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10 Questions MCQ Test Business Economics for CA Foundation | Test: Budget And Fiscal Deficits

Test: Budget And Fiscal Deficits for CA Foundation 2022 is part of Business Economics for CA Foundation preparation. The Test: Budget And Fiscal Deficits questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Budget And Fiscal Deficits MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Budget And Fiscal Deficits below.
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Test: Budget And Fiscal Deficits - Question 1

Revenue deficit in India is : 

Test: Budget And Fiscal Deficits - Question 2

Fiscal Policy refers to a policy of : 

Test: Budget And Fiscal Deficits - Question 3

The FFBM Act aims at reducing gross fiscal deficit by:

Test: Budget And Fiscal Deficits - Question 4

 FRBM Act was passed in ________:

Test: Budget And Fiscal Deficits - Question 5

In 2003, the _______ was passed to reduce the gross fiscal deficit by 0.5% of the GDP in each financial year.

Test: Budget And Fiscal Deficits - Question 6

_________ refers to public revenue, expenditure and allied matters

Test: Budget And Fiscal Deficits - Question 7

Deficit Financing means :

Detailed Solution for Test: Budget And Fiscal Deficits - Question 7

Deficit financing in advanced countries is used to mean an excess of expenditure over revenue—the gap being covered by borrowing from the public by the sale of bonds and by creating new money. In India, and in other developing countries, the term deficit financing is interpreted in a restricted sense.

The National Planning Commission of India has defined deficit financing in the following way. The term ‘deficit financing’ is used to denote the direct addition to gross national expenditure through budget deficits, whether the deficits are on revenue or on capital account.

The essence of such policy lies in government spending in excess of the revenue it receives. The government may cover this deficit either by running down its accumulated balances or by borrowing from the banking system (mainly from the central bank of the country).

Test: Budget And Fiscal Deficits - Question 8

 If borrowing and order liabilities are added to the budget deficits we get ______: 

Test: Budget And Fiscal Deficits - Question 9

Which of these is a side effect of deflation?

Test: Budget And Fiscal Deficits - Question 10

_________ is the difference between total receipts and total expenditure:

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