Fiscal Policy
Economics ⇒ Government and the Economy
Fiscal Policy starts at 11 and continues till grade 12.
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See sample questions for grade 12
Define fiscal policy.
Describe two objectives of fiscal policy in India.
Explain the concept of 'automatic stabilizers' in fiscal policy.
Explain the concept of 'crowding out' in the context of fiscal policy.
Explain the difference between a balanced budget and a deficit budget.
Explain the difference between revenue deficit and fiscal deficit.
Explain the term 'fiscal deficit'.
Explain the term 'public expenditure'.
If the government spends Rs. 10,000 crore and its total receipts (excluding borrowings) are Rs. 8,000 crore, what is the fiscal deficit?
State one difference between fiscal policy and monetary policy.
State one limitation of fiscal policy in India.
State one way in which fiscal policy can help reduce unemployment.
What is the impact of an increase in government expenditure on aggregate demand?
What is the main difference between direct and indirect taxes?
What is the main objective of a contractionary fiscal policy?
What is the role of fiscal policy in economic development?
