UPSC Exam > UPSC Videos > Additional Study Material for UPSC > Fiscal Policy
Fiscal Policy Video Lecture | Additional Study Material for UPSC
|
20 videos|561 docs|160 tests
|
FAQs on Fiscal Policy Video Lecture - Additional Study Material for UPSC
| 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 on how the government collects revenue through taxes and how it allocates those funds for public expenditure. The aim of fiscal policy is to stabilize the economy, promote economic growth, and maintain price stability.
| 2. How does fiscal policy impact the economy? | |
Ans. Fiscal policy has a significant impact on the economy. When the government increases spending or reduces taxes, it injects more money into the economy, which can stimulate economic activity and boost aggregate demand. Conversely, when the government decreases spending or increases taxes, it reduces the amount of money available for households and businesses, which can dampen economic growth.
| 3. What are the main tools of fiscal policy? | |
Ans. The main tools of fiscal policy are government spending and taxation. By adjusting government spending, policymakers can influence the level of aggregate demand in the economy. They can increase spending on infrastructure projects, education, healthcare, etc., to stimulate economic growth. Taxation, on the other hand, allows the government to collect revenue from individuals and businesses, which can be used to fund public expenditure or manage inflationary pressures.
| 4. What is the difference between expansionary and contractionary fiscal policy? | |
Ans. Expansionary fiscal policy refers to the measures taken by the government to stimulate economic growth and boost aggregate demand. This can be done by increasing government spending or reducing taxes. In contrast, contractionary fiscal policy involves measures to slow down the economy and reduce inflationary pressures. This can be achieved by decreasing government spending or increasing taxes.
| 5. What are the limitations of fiscal policy? | |
Ans. Fiscal policy has certain limitations. One limitation is the time lag between implementing fiscal measures and their impact on the economy. It takes time for the effects of changes in government spending or taxation to be felt. Additionally, fiscal policy may be constrained by political considerations and the availability of funds. Moreover, fiscal policy alone may not be sufficient to address all economic challenges, and a coordinated approach with monetary policy and other measures may be required.
Related Exams
About this Video
|
4.83/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: Fiscal Policy for UPSC 2024 is part of Additional Study Material for UPSC preparation.
The notes and questions for Fiscal Policy have been prepared according to the UPSC exam syllabus.
Information about Fiscal Policy covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Fiscal Policy.
Introduction of Fiscal Policy in English is available as part of our Additional Study Material for UPSC for UPSC & Fiscal Policy in
Hindi for Additional Study Material for UPSC 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 Video Lecture | Additional Study Material for UPSC - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Additional Study Material for UPSC.
Information about Fiscal Policy
Here you can find the meaning of Fiscal Policy defined & explained in the simplest way possible.
Besides explaining types of Fiscal Policy theory, EduRev gives you an ample number of questions to practice Fiscal Policy tests,
examples and also practice UPSC tests.
|
20 videos|561 docs|160 tests
|
|
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
Extra Questions
,practice quizzes
,MCQs
,ppt
,Free
,mock tests for examination
,Important questions
,Viva Questions
,Exam
,Fiscal Policy Video Lecture | Additional Study Material for UPSC
,Sample Paper
,Objective type Questions
,past year papers
,Fiscal Policy Video Lecture | Additional Study Material for UPSC
,study material
,Fiscal Policy Video Lecture | Additional Study Material for UPSC
,Semester Notes
,video lectures
,Summary
,Previous Year Questions with Solutions
,shortcuts and tricks
;
Study Fiscal Policy on the App
Students of UPSC can study Fiscal Policy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Fiscal Policy,
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 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