{"id":85248,"date":"2025-06-01T03:09:00","date_gmt":"2025-06-01T03:09:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=85248"},"modified":"2025-06-01T03:09:00","modified_gmt":"2025-06-01T03:09:00","slug":"who-among-the-following-first-mooted-the-idea-of-deficit-financing","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/who-among-the-following-first-mooted-the-idea-of-deficit-financing\/","title":{"rendered":"Who among the following, first mooted the idea of deficit financing ?"},"content":{"rendered":"

Who among the following, first mooted the idea of deficit financing ?<\/p>\n

[amp_mcq option1=”Adam Smith” option2=”Alfred Marshall” option3=”John Maynard Keynes” option4=”Milton Friedman” correct=”option3″]<\/p>\n

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This question was previously asked in<\/div>\n
UPSC CDS-1 – 2022<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
John Maynard Keynes is credited with first mooting and popularizing the idea of deficit financing as a tool for economic management, particularly during times of recession.<\/section>\n
In his work, notably “The General Theory of Employment, Interest and Money,” Keynes argued that government spending, even financed by deficits, was necessary to stimulate aggregate demand and reduce unemployment during economic downturns.<\/section>\n
Deficit financing involves a government spending more than it receives in revenue, covering the difference by borrowing or printing money. While historical instances of governments spending beyond their means existed, Keynes provided a theoretical framework advocating its deliberate use for macroeconomic stabilization.<\/section>\n","protected":false},"excerpt":{"rendered":"

Who among the following, first mooted the idea of deficit financing ? [amp_mcq option1=”Adam Smith” option2=”Alfred Marshall” option3=”John Maynard Keynes” option4=”Milton Friedman” correct=”option3″] This question was previously asked in UPSC CDS-1 – 2022 Download PDFAttempt Online John Maynard Keynes is credited with first mooting and popularizing the idea of deficit financing as a tool for … <\/p>\n

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