Question
There has been a persistent deficit budget year after year. Which of the following actions can be taken by the Government to reduce the deficit?
Select the correct answer using the code given below.
- Reducing revenue expenditure
- Introducing new welfare schemes
- Rationalizing subsidies
- Expanding industries
Select the correct answer using the code given below.
Answer: Option C
Answer: (c)
Here, budget deficit means fiscal deficit. Rationalization of subsidies means reducing leakages and wastages in subsidies.
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Answer: (c)
Here, budget deficit means fiscal deficit. Rationalization of subsidies means reducing leakages and wastages in subsidies.
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