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    Notes>Economy>Monetary Policy

    Monetary Policy

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    Mains: "What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of the RBI to control this type of inflation." | 2024 | GS3 | 10

    Mains: "What policy instruments were deployed to contain the Great Economic Depression?" | 2013 | GS1 | 15

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    app.gap-snap.com/upsc/notes/fiscal-deficit-and-budget-deficit
    fiscal deficit and budget deficit
    🏷Fiscal DeficitBudget DeficitEconomic PolicyFinance CommissionInflation+34 More
    📌 UPSC HAS ASKED THIS
    Mains: "Explain the meaning of fiscal deficit. What are the implications of a large fiscal deficit and how can it be financed?" | 2013 | GS-III | 10m
    Mains: "Fiscal consolidation is a necessary precondition for sustained economic growth in India. Discuss." | 2015 | GS-III | 12.5m
    Prelims: 2010 – Tested which items are included in fiscal deficit calculation (market borrowings, small savings, etc.)
    Prelims: 2016 – Statement-type MCQ on "primary deficit", "revenue deficit" and their relationship with fiscal deficit
    🗺 SAME FRAMEWORK APPLIES TO:
    Types of government deficits in India (revenue, fiscal, primary)
    Public debt and FRBM framework
    Off-budget borrowing and contingent liabilities
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    🇮🇳हिंदी (Hindi)
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    economy
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    EconomyMediumunanswered
    Question:
    Assertion (A): GST subsumed multiple indirect taxes into one unified tax. Reason (R): GST reduced the cascading effect of taxes on goods and services.
    Correct Answer:
    Both A and R are correct, and R explains A
    EconomyHardincorrect
    Question:
    Which of the following are causes of poverty in India? 1. Unequal distribution of land and assets 2. High population growth 3. Underemployment and disguised unemployment 4. Higher food subsidies
    Your Answer:
    1, 2, 3 and 4
    Correct Answer:
    1, 2 and 3 only
    EconomyFood Subsidies
    📖
    Do higher food subsidies cause poverty in India?
    Tap to reveal answer
    Card 2 of 9
    EconomyFood Subsidies
    ✓  Answer
    False — Higher food subsidies do not cause poverty; they are intended to alleviate it, though poor targeting or fiscal strain can reduce effectiveness.
    Card 2 of 9

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