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

Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.

State the basis of classifying government expenditure into revenue and capital expenditure. Give an example of each.

State the basis of classifying government receipts into revenue receipts and capital receipts. Give an example of each.

‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.

Levy of taxes on all commodities without caring for their impact on the common man is not desirable. Comment.

Define capital receipts of government. Describe briefly the groups in which these are classified.

Budget deficit creates disequilibrium in every economy, but in developing countries like India, why does government depend on it?

What is debt trap? Suggest measures to control such situation.

Explain the impact of non-maintenance of fiscal discipline in an economy.