UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Fiscal Policy: Economics
Fiscal Policy: Economics Video Lecture | Indian Economy for UPSC CSE
|
110 videos|315 docs|136 tests
|
FAQs on Fiscal Policy: Economics Video Lecture - Indian Economy for UPSC CSE
| 1. What is fiscal policy? |  |
Ans. Fiscal policy refers to the government's use of taxation and spending to influence the economy. It involves decisions made by the government on how to collect revenue through taxes and how to allocate that revenue through government spending. The objective of fiscal policy is to stabilize the economy by promoting economic growth, controlling inflation, and reducing unemployment.
| 2. How does fiscal policy affect the economy? | |
Ans. Fiscal policy affects the economy in several ways. When the government increases spending or reduces taxes, it injects more money into the economy, which can stimulate economic growth. This increased spending can lead to increased demand for goods and services, which in turn can lead to increased production and job creation. On the other hand, if the government reduces spending or increases taxes, it takes money out of the economy, which can slow down economic growth.
| 3. What are the tools of fiscal policy? | |
Ans. The tools of fiscal policy include government spending and taxation. Government spending can be used to stimulate the economy by investing in infrastructure projects, education, healthcare, and other sectors. Taxation can be used to regulate the economy by adjusting tax rates, deductions, and credits. By increasing or decreasing spending and taxes, the government can influence the overall level of economic activity and steer the economy towards desired outcomes.
| 4. How does fiscal policy address inflation and unemployment? | |
Ans. Fiscal policy can be used to address inflation and unemployment. If the economy is experiencing high inflation, the government can decrease spending or increase taxes to reduce the amount of money in circulation, which can help to decrease demand and curb inflationary pressures. Conversely, if the economy is facing high unemployment, the government can increase spending or reduce taxes to stimulate demand and encourage businesses to hire more workers, thereby reducing unemployment.
| 5. What are the limitations of fiscal policy? | |
Ans. Fiscal policy has some limitations. One limitation is the time lag between implementing fiscal policy measures and their impact on the economy. It takes time for changes in government spending and taxation to filter through the economy and produce the desired effects. Additionally, fiscal policy can be constrained by political considerations and budgetary constraints. Moreover, if fiscal policy is used excessively or inappropriately, it can lead to budget deficits, inflation, and other economic imbalances. Therefore, it is important for policymakers to carefully consider the potential risks and benefits of fiscal policy actions.
Related Exams
About this Video
|
1.9K Views |
|
4.78/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Fiscal Policy: Economics for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Fiscal Policy: Economics have been prepared according to the UPSC exam syllabus.
Information about Fiscal Policy: Economics covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Fiscal Policy: Economics.
Introduction of Fiscal Policy: Economics in English is available as part of our Indian Economy for UPSC CSE for UPSC & Fiscal Policy: Economics in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Fiscal Policy: Economics Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Fiscal Policy: Economics
Here you can find the meaning of Fiscal Policy: Economics defined & explained in the simplest way possible.
Besides explaining types of Fiscal Policy: Economics theory, EduRev gives you an ample number of questions to practice Fiscal Policy: Economics tests,
examples and also practice UPSC tests.
|
110 videos|315 docs|136 tests
|
Video Timeline
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Exam
,Fiscal Policy: Economics Video Lecture | Indian Economy for UPSC CSE
,Objective type Questions
,mock tests for examination
,past year papers
,Free
,MCQs
,Sample Paper
,practice quizzes
,study material
,Viva Questions
,Semester Notes
,Fiscal Policy: Economics Video Lecture | Indian Economy for UPSC CSE
,Extra Questions
,ppt
,shortcuts and tricks
,Important questions
,video lectures
,Previous Year Questions with Solutions
,Summary
,Fiscal Policy: Economics Video Lecture | Indian Economy for UPSC CSE
;
Study Fiscal Policy: Economics on the App
Students of UPSC can study Fiscal Policy: Economics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Fiscal Policy: Economics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Fiscal Policy: Economics is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup