Economics

There has been a persistent deficit budget year after year. Which action/actions of the following
can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below.

Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories
Select the correct answer using the code given below.

There has been a persistent deficit budget year after year. Which of the following actions can be
taken by the government to reduce the deficit?
(1) Reducing revenue expenditure
(2) Introducing new welfare schemes
(3) Rationalizing subsidies
(4) Expanding industries
Select the correct answer using the code given below.

Convertability of rupee implies

With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure?
1. Defence expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidies
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In India, deficit financing is used for raising resources for

Which of the following constitute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
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All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

A “closed economy” is an economy in which

Consider the following action which the Government can take:
1. Devaluing the domestic currency.
2. Reduction in export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the following action/actions can help in reducing the Current Account Deficit?