Notes and Study material for Exams
Bihar PUBLIC FINANCE and Fiscal Policy Basic Understanding of Public Finance Public finance as a concept may be understood on two levels – as a practical activity of all components of Public Administration and As a theoretical area. The term “public finance“ may be defined as the identification of specific financial relationships and functions running between public … Read more
budgets of Karnataka Driven by various Fiscal Consolidation measures, Karnataka has managed its expenditure well even while enhancing its revenues. The State’s Fiscal Deficit has declined marginally from 2.79% in 2015-16 (RE) to the level of 2.12% of GSDP in 2016-17 (BE), while the capital outlay has increased marginally from Rs. 21133.91 crore in 2015-16(RE) … Read more
Madhya Pradesh PUBLIC FINANCE and Fiscal Policy Basic Understanding of Public Finance Public finance as a concept may be understood on two levels – as a practical activity of all components of Public Administration and As a theoretical area. The term “public finance“ may be defined as the identification of specific financial relationships and functions running between … Read more
When a government spends more than it collects in taxes, it borrows from the private sector to finance the budget deficit. The accumulation of past borrowing is the government debt. A tax cut stimulates consumer spending and reduces national saving. The reduction in saving raises the interest rate, which crowds out Investment. As per Solow’s … Read more
State of the economy:- According to 14th Planning Commision, During the last two plan periods, Chhattisgarh had achieved a Growth rate comparable to national level. For the first two years of Twelfth plan, its growth rate had been better than that of all India. Primary Sector provides sustenance to nearly 80 per cent of the … Read more
In the Year 2014, Chhattisgarh ranked as the best performing state in most of the key fiscal parameters, according to a Reserve Bank of India (RBI) study. According to the study, Chhattisgarh has done reasonably well in spending its Money in developmental sector, one of the key parameters to judge States overall performance. As per … Read more
BUDGETARY REFORMS Government bodies raise Money by imposing taxes on citizens and then use those funds to pursue various programs such as Education, defence,
Fiscal Responsibility and Budget Management Act The FRBM Act 2003 in its amended form was passed by the government to bring fiscal discipline and to implement a prudent Fiscal Policy. High Fiscal Deficit was the one major macroeconomic problem faced by Indian economy around 2000. It was argued that high deficits lead to … Read more
Control over Public Expenditure In a parliamentary Democracy, the political executive is responsible to the Parliament. The control exercised by the Parliament over the executive is its control on financial expenditure. Parliamentary Control The Parliament is the custodian of public Money, and what better way to keep an eye on the authorities spending … Read more
Question:Brach of Economics which examines the economic behaviour of Individual actors is >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option2 Question:Brach of Economics which studies the intermediate level of economic organizations is >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option3 Question:Study of POVERTY and Inflation is the scope of >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option1 Question:Keynesian macronimics suggests the following policies >>>contraction … Read more