UPSC Exam > UPSC Videos > Famous Books for UPSC Exam (Summary & Tests) > Meaning: Budget & Fiscal Deficit
Meaning: Budget & Fiscal Deficit Video Lecture | Famous Books for UPSC Exam (Summary & Tests)
|
545 videos|966 docs|373 tests
|
FAQs on Meaning: Budget & Fiscal Deficit Video Lecture - Famous Books for UPSC Exam (Summary & Tests)
| 1. What is the meaning of budget deficit? |  |
Ans. Budget deficit refers to the situation when a government's expenses exceed its revenue in a given fiscal year. It indicates that the government is spending more money than it is earning through taxes and other sources of income.
| 2. What is fiscal deficit? | |
Ans. Fiscal deficit is a broader term that includes the budget deficit along with other forms of borrowings and liabilities. It represents the total amount of money the government needs to borrow to meet its expenditure requirements in a fiscal year, including the budget deficit and other obligations.
| 3. How does budget deficit affect the economy? | |
Ans. Budget deficit can have both positive and negative effects on the economy. On one hand, it allows the government to finance public investments, stimulate economic growth, and provide necessary services. On the other hand, it can lead to higher borrowing costs, inflation, and crowding out of private investments, which can negatively impact the economy in the long run.
| 4. What are the consequences of a high fiscal deficit? | |
Ans. A high fiscal deficit can have several consequences. It can lead to increased government borrowing, which can put upward pressure on interest rates, making it more expensive for businesses and individuals to borrow money. It can also lead to inflationary pressures and a loss of confidence in the government's ability to manage its finances, which can negatively impact the overall economy.
| 5. How can a government reduce its budget deficit? | |
Ans. There are several ways a government can reduce its budget deficit. It can increase taxes, cut government spending, implement fiscal reforms to improve revenue collection, promote economic growth to boost tax revenues, and reduce wasteful expenditures. Additionally, governments can also explore options such as privatization of state-owned enterprises and attracting foreign investments to generate additional revenue and reduce the budget deficit.
Related Exams
About this Video
|
4.88/5 Rating |
|
Nov 17, 2024 Last updated |
Video Description: Meaning: Budget & Fiscal Deficit for UPSC 2024 is part of Famous Books for UPSC Exam (Summary & Tests) preparation.
The notes and questions for Meaning: Budget & Fiscal Deficit have been prepared according to the UPSC exam syllabus.
Information about Meaning: Budget & Fiscal Deficit covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Meaning: Budget & Fiscal Deficit.
Introduction of Meaning: Budget & Fiscal Deficit in English is available as part of our Famous Books for UPSC Exam (Summary & Tests) for UPSC & Meaning: Budget & Fiscal Deficit in
Hindi for Famous Books for UPSC Exam (Summary & Tests) 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 Meaning: Budget & Fiscal Deficit Video Lecture | Famous Books for UPSC Exam (Summary & Tests) - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Famous Books for UPSC Exam (Summary & Tests).
Information about Meaning: Budget & Fiscal Deficit
Here you can find the meaning of Meaning: Budget & Fiscal Deficit defined & explained in the simplest way possible.
Besides explaining types of Meaning: Budget & Fiscal Deficit theory, EduRev gives you an ample number of questions to practice Meaning: Budget & Fiscal Deficit tests,
examples and also practice UPSC tests.
|
545 videos|966 docs|373 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
past year papers
,shortcuts and tricks
,Viva Questions
,Summary
,Free
,Previous Year Questions with Solutions
,Semester Notes
,video lectures
,mock tests for examination
,practice quizzes
,MCQs
,Exam
,Sample Paper
,Meaning: Budget & Fiscal Deficit Video Lecture | Famous Books for UPSC Exam (Summary & Tests)
,Meaning: Budget & Fiscal Deficit Video Lecture | Famous Books for UPSC Exam (Summary & Tests)
,Important questions
,ppt
,Extra Questions
,study material
,Meaning: Budget & Fiscal Deficit Video Lecture | Famous Books for UPSC Exam (Summary & Tests)
,Objective type Questions
;
Study Meaning: Budget & Fiscal Deficit on the App
Students of UPSC can study Meaning: Budget & Fiscal Deficit alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Meaning: Budget & Fiscal Deficit,
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 Meaning: Budget & Fiscal Deficit is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup