Download App

Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy3 Marks
Question
Distinguish between revenue deficit and fiscal deficit.
✓

Answer

Excess of revenue expenditure over revenue receipts is called revenue deficit whereas the excess of total expenditure over total receipts excluding borrowings is called fiscal deficit.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Government Budget and Economy→Government Budget and Economy — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Identify the following items as visible items or invisible items.
  1. Export of computer software.
  2. Import of LCD screen from Malaysia.
  3. Banking service to NRI.
  4. Export of Tea to Thailand.
  5. Consultancy services of TCS used by a foreign firm.
→
Increase in money supply is an effective measure to control economic depression, but it creates the burden of borrowing on economy. Explain any two measures by which economic depression can be controlled even in the situation of increase in money supply.
→
Which transactions determine the balance of trade? When is balance of trade in surplus?
→
As a result of increase in investment by ₹ 60 crore national income rises ₹ 240 crore. Calculate the marginal propensity to consume.
→
Distinguish between intermediate goods and final goods. Also give examples.OR
Distinguish between final goods and intermediate goods. Give an example of each.
→
Giving reason, classify the into intermediate or final goods.
Wheat used by the flour mill.
→
Define involuntary unemployment.
→
Giving reason, classify the into intermediate or final goods.
Wheat used by households.
→
If the Nominal GDP is ₹ 600 and Price Index (base = 100) is 120, calculate the Real GDP.
→
Explain the significance of the ‘Unit of Account’ function of money.
→