The stabilization function of the government budget mainly includes interventions to expand or reduce the demand in the economy. This is part of macroeconomic policy, including fiscal policies aimed at controlling inflation, managing employment levels, and maintaining economic growth. Therefore, the correct answer is: (b) intervention to expand or reduce the demand.
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60 Mins English English25 Questions50 Marks15 Mins English English100 Questions200 Marks60 Mins EnglishWhich campaign was started immediately after demonetization to investigate tax evaders of undeclared income under the tax system?
To qualify as a highly senior citizen under the Income Tax Act, a person's age must be above .......... years.
Which of the following taxes does the Center levy, collect, and retain?
The Gross Value Added is estimate d from GDP by adding subsidies on production and subtracting ____.
When was the master direction of RBI on microfinance loans implemented?
Which among the following is not a component of fiscal policies adopted by the Government?
Direct Tax reforms have been part of India’s fiscal consolidation strategy. Which committee recommended the simplification of direct taxes in post-liberalisation India?
Effective Revenue Deficit was introduced in the government budgeting during which year?
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