Fiscal Policy
Economics ⇒ Government and the Economy
Fiscal Policy starts at 11 and continues till grade 12.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Fiscal Policy.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
Define fiscal deficit.
Describe the role of fiscal policy in reducing income inequality.
Explain the concept of 'automatic stabilizers' in fiscal policy.
Explain the difference between expansionary and contractionary fiscal policy.
Explain the term 'budgetary deficit'.
Explain the term 'primary deficit'.
If the government borrows from the Reserve Bank of India to finance its deficit, what is the likely impact on money supply?
If the government increases its expenditure without increasing taxes, what is the likely effect on the fiscal deficit?
State one difference between direct and indirect taxes.
State one limitation of fiscal policy in India.
Suppose the government increases both taxes and expenditure by the same amount. What is the likely effect on aggregate demand?
What is fiscal policy?
What is the difference between revenue deficit and fiscal deficit?
What is the impact of an increase in indirect taxes on inflation?
What is the main objective of fiscal policy in a developing country like India?
