Borrowing in government budget is
Revenue deficit
Fiscal deficit
Primary deficit
Primary deficit
B.
Fiscal deficit
Fiscal deficit: The fiscal deficit is defined as the excess of government revenue over government expenditure. Hence borrowing in government budget is a fiscal deficit.
Market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.
Name the broad categories of transactions recorded in the 'capital account' of the Balance of Payments Accounts.
OR
Name the broad categories of transactions recorded in the 'current account' of the Balance of Payments Accounts.
Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain.
State the different phases of changes in Total Product and Marginal Product in the Law of Variable Proportions. Also show the same in a single diagram.
Other things remaining unchanged, when in a country the price of foreign currency
rises, national income is (choose the correct alternative)
Likely to rise
Likely to fall
Likely to rise and fall both
Likely to rise and fall both
