This is a descriptive chapter on government budget of Indian economy, wherein its objectives, importance, types, components, budget deficits and its types (Revenue, Fiscal, Primary Deficit) and their implications are studied. /CA 1 >> Financial Year in India is : (a) April I to March 31 (b) January 1 to December 31 NCERT Solutions for CBSE Class 12 Economics have total 12 chapters. 8. endobj Fiscal Policy (UPSC Notes):-Download PDF Here. /ca 1 << myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. /Filter /FlateDecode b) Net fiscal deficit. /Subtype /Form << /Length 56114 /SMask 12 0 R /Type /ExtGState This video is highly rated by UPSC students and has been viewed 1 times. So, in broad term fiscal policy refers to "that segment of national economic policy which is primarily concerned with the receipts and expenditure of central government." Fiscal policy thus contains essentially two components- Revenue Collection- (primarily taxation)- … >> CBSE Class 12 Economics Chapter- Government Budget and the Economy Important Questions – Free PDF Download. �0FQ�B�BW��~���Bz��~����K�B W ̋o Abhijeet Mishra and more top educators are teaching live on Unacademy Plus. d) Securities and Exchange Board of India. /Width 2480 ‘The fiscal deficit gives the borrowing requirement of the government’. Fiscal Policy news and opinion. Fiscal deficit cannot be financed through external borrowing. 7. /Interpolate true Free Question Bank for UPSC Economics. In economics, fiscal policy is the use of government spending and revenue collection to influence the economy. • Monetary versus Fiscal Policy: Friedman, Tobin. 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