The question tests the understanding of fiscal policies used to combat economic recession. Standard economic theory dictates that expansionary fiscal policies like increased government spending and decreased taxes are used.
60 Which of the following fiscal measures is used to get the economy out of recession? (1) Increase in government expenditure (2) Decrease in government expenditure (3) Increase in taxes (4) Demonetisation
Asked in Sub Inspector Comb. Comp. Exam 2016 · Topic: Fiscal Policy & Revenue (Role of Fiscal Policy in Economic Stabilization and Growth)
More Economic Development questions
- The Government of India earns maximum revenue from
- Which is the most important source of income for the Government of India?
- The Union Government has decided to impose 0.5% cess on which services to fund the 'Swachhh Bharat Programme'?
- In the recent Union Budget, the FM has increased the Foreign Direct Investment (FDI) limit in the insurance sector from the existing one to
- What was the Tax-GDP ratio in the financial year 2021-22 in India?
- As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government: Corporation Tax Taxes on Income other than Corporation Tax Goods and Services Tax Union Excise Duties Which one of the following is the correct descending order of the foresaid tax receipts as a percentage of GDP?
- In which year, the percentage of Own Tax Revenue to Total Tax Revenue of this state is least during the period 2014-15 to 2017-18 ?
- Find the value: ¼ {1800 ÷ (11 × 24 – 8 × 3)} + ⅛