Multiple Choice Questions on In India deficit financing is used for raising resources for 2013 ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

In India deficit financing is used for raising resources for 2013 ........

Economic Affairs Public Finance and Debt Management
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    In India, deficit financing is used for raising resources for (2013)

    economic development

    Correct Answer

    redemption of public debt

    Incorrect Answer

    adjusting the balance of  payments

    Incorrect Answer

    reducing the foreign debt

    Incorrect Answer
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    Explanation:

    economic development.

    • Deficit financing is a necessary evil in a welfare state as the states often fail to generate tax revenue that is sufficient enough to take care of the expenditure of the state.

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