In a government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. How much is the fiscal deficit?

If the revenue receipts are ₹ 1,000 crore and revenue expenditure is ₹ 1.200 crore. how much will be the revenue deficit?

What is capital expenditure?

Define indirect tax. Give two examples of indirect taxes.

What is primary deficit?

Categorize the following items into Revenue and Capital Receipts.
Statement-Dividends on investments made by government.

Is borrowing by the government a revenue receipt?

Are fiscal deficits necessarily inflationary?

Economic growth means increasing per capita income over a period of time. Economic growth objective of the government budget depends on:

1. Profit maximisation.
2. Rate of savings and investment.
3. Fair distribution of income.
4. Removal of poverty.

Define the term ‘tax’.