Download App

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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy3 Marks
Question
Explain 'revenue deficit' in a Government budget? What does it indicate?
✓

Answer

Revenue deficit is the excess of total revenue expenditure over total revenue receipts.
It indicates that the government is spending more than the current income.

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

Calculate GDP up and national income from the following data:
S. No Particulars (₹) In Crore
1. Net exports. -30
2. Private final consumption expenditure. 400
3. Subsidies. 5
4. Net domestic fixed capital formation. 50
5. Government final consumption expenditure. 100
6. Net factor income from abroad. -10
7. Closing stock 10
8. Consumption of fixed capital. 40
9. Indirect taxes. 55
10. Opening stock. 20
→
Explain how open market operations are helpful in controlling credit creation.
→
If the Nominal Gross Domestic Product - ₹ 4,400 and the Price Index (base=100) 100, calculate the Real Gross Domestic Product.
→
Distinguish between average propensity to consume and average propensity to save. What is the relation between the two?
→
What is monetary policy? State any three instruments of monetary policy.
→
Comment on the shape of the MR curve in case the TR curve is a:
  1. Positively sloped straight line.
  2. Horizontal straight line.
→
Explain the implications of the "product differentiation" feature of monopolistic competition.
→
Give four agency functions of commercial banks.
→
What change in total revenue will result in:
  1. A Decrease in marginal revenue.
  2. An increase in marginal revenue?
→
How does the budget line change if the consumer's income increases to Rs 40 but the prices remain unchanged?
→