Tag: government budget and taxation
Questions Related to government budget and taxation
The budget where the government revenue is equal to the government expenditure is termed as ___________.
The classical economists believed that the government can rescue the people in times of economic distortions through unbalanced budgets.
The budgetary process in India involves _____________ different operations.
The first step in the budgetary process is ________________.
_____________ economists believed that the policy of balanced budget may not always be suitable for the economy.
The concept of balanced budget has been advocated by the _____________ economists.
The budget which has gaps between the government revenue and public expenditure is termed as the ___________ budget.
The classical economists considered the balanced budget to be neutral in its effects on the economy.
When the estimated government receipts are more than the estimated government expenditure, the budget is known to be a ___________ budget.
What are ways that can be used by the government to correct inflationary gap using surplus budget?