Elaborate the significance of the Goods and Services Tax (GST).

We should try to regulate interest rates prevailing among farmers, weaker sections of society and poor villagers. How can we control it?

There has been consistent rise in prices of fruits and vegetables in Delhi for sometimes. Which measures of budget will you support to reduce the prices of these commodities?

What do you mean by primary deficit? Explain its implications.

Does public debt impose a burden? Explain.

Distinguish between revenue receipts and capital receipts. Give an example of each.

Giving reasons, state whether the following statements are true or false:

1. Value added tax is a direct tax.
2. Subsidies are treated as revenue expenditure.
3. Borrowings from public are treated as revenue receipts.
4. Revenue deficit is a part of fiscal deficit.

Explain the role of government budget in bringing economic stability.

Explain the basis of classifying taxes into direct and indirect tax. Give examples.

Can there be a fiscal deficit in a government budget without a revenue deficit? Explain.