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Bankers Adda: Fiscal System in India 29-01-2015
SBI : Frequently asked on the people of India, and is, therefore, called public debt. It is split into two
questions heads: internal debt (money borrowed within the country) and external debt
SBI Clerk: Pattern and (funds borrowed from non-Indian sources).
Analysis
Apply Online Usually the government spends more than what it earns through various
Notification: SBI Clerk sources. This shortfall, which is met with borrowed funds, is called fiscal
Vacancies (5400) deficit. Technically, it is the excess of government expenditure over 'non-
borrowed receipts' revenue receipts plus loan repayments received by the
SBI PO 2014-15 govt plus miscellaneous capital receipts. Fiscal deficit for FY13 is estimated
VACANCIES at INR.5.64 lakh crore, revenues of INR 9.18 lakh crores less expenditure of
INR 14.82 lakh crores.
Written Test Result Fiscal deficit is measured as a percentage of GDP, hence INR 5.64 lakh crore
SBI PO Exam Analysis / GDP of INR 100.74 lakh crores work out to estimated fiscal deficit of 5.6% of
- 15th June 2014 GDP.
GK Questions Asked CAREER POWER HIRING (WALK-IN
in SBI PO 2014 INTERVIEWS ON 3 JAN 2015)
Revenue Deficit: It is the excess of revenue expenditure over revenue
SBI PO Exam Analysis receipts. All expenditure on revenue account should ideally be met from
(14June-Morning Shift)
receipts on revenue account; the revenue deficit should be zero. In such a
Share your Exam
Experience situation, the government borrowing will not be for consumption but for
SBI GK Power
creation of assets.
Capsule: Part II
Last Minute Tips for Effective revenue deficit: This is an even tighter number than the revenue
SBI PO deficit. It is revenue deficit less grants for creation of capital assets.
Call Letter Download
SBI PO GK Power Primary deficit: It is the fiscal deficit less interest payments made by the
Capsule 2014 government on its earlier borrowings.
Financial Awareness
Capsule for SBI PO Deficit and GDP: Apart from the numbers in rupees, the budget document
Descriptive Topics also mentions deficit as a percentage of GDP. This is because in absolute
Capsule for SBI PO terms, the fiscal deficit may be large, but if it is small compared to the size of
How to Crack SBI PO the economy, then it's not such a bad thing, especially if it is being used to
in 2 Months create production capacities.
Syllabus and Pattern
of SBI PO Exam HOW MANY QUESTIONS DID YOU
SBI PO : Doubts ATTEMPT IN IBPS CLERK IV?
Types of fiscal policy
Clarified
Less than 100
SBI PO Notification Fiscal policy has an effect on each of these categories. There are two types
2014 Between 101-110
of fiscal policy: Expansionary and Contractionary.
Between 111-120
IMPORTANT POSTS ON Expansionary Fiscal Policy Between 121-130
IBPS RESULTS When an economy is in a recession, expansionary fiscal policy is in order. Between 131-140
Salary Structure of Typically this type of fiscal policy results in increased government spending More than 141
Bank PO & Clerk and/or lower taxes. A recession results in a recessionary gap meaning that
aggregate demand (ie, GDP) is at a level lower than it would be in a full Change your vote
IBPS Selected
Candidates: Know employment situation. In order to close this gap, a government will typically Votes so far: 41185
your colleagues increase their spending which will directly increase the aggregate demand Days left to vote: 291
joining the same bank curve (since government spending creates demand for goods and services). At
as you
the same time, the government may choose to cut taxes, which will indirectly
Allotted a Bank in
IBPS. What next? affect the aggregate demand curve by allowing for consumers to have more
Waiting List (Reserve money at their disposal to consume and invest. The actions of this LATEST FROM BA ASSOCIATES
List) for IBPS PO III expansionary fiscal policy would result in a shift of the aggregate demand
and IBPS Clerk III curve to the right, which would result closing the recessionary gap and helping SSC Adda
Maths Quiz
IBPS PO III: Final an economy grow.
Result Out Achievers Adda
IBPS Clerk III: Final Contractionary Fiscal Policy Shortcut to success is Practise
Result - Ravi Pargar (SBI PO 2014)
IBPS Clerk II: Fourth Contractionary fiscal policy is essentially the opposite of expansionary fiscal
Round of Allocations policy. When an economy is in a state where growth is at a rate that is
IBPS PO II - Fourth getting out of control (causing inflation and asset bubbles), contractionary IBPS PO IV Interview Batches at
Round of Allocations Career Power
fiscal policy can be used to rein it in to a more sustainable level. If an
economy is growing too fast or for example, if unemployment is too low, an
SBI SO VACANCIES 2014 inflationary gap will form. In order to eliminate this inflationary gap a SBI CLERK INTERVIEW BATCHES
government may reduce government spending and increase taxes. A
SBI Specialist Officer decrease in spending by the government will directly decrease aggregate
Exam: Last Minute
Strategy demand curve by reducing government demand for goods and services.
Download Admit Card Increases in tax levels will also slow growth, as consumers will have less
Notification
money to consume and invest, thereby indirectly reducing the aggregate
demand curve.
IBPS SO Final Result The objectives of fiscal policy such as economic development, price stability,
Out social justice, etc. can be achieved only if the tools of policy like Public
Interview Call Letter Expenditure, Taxation, Borrowing and deficit financing are effectively
Written Test Result used.Though there are gaps in India's fiscal policy, there is also an urgent
need for making India's fiscal policy a rationalised and growth oriented
IT Officer Syllabus
one. The success of fiscal policy depends upon taking timely measures and HOW MUCH DID YOU SCORED IN
HR Syllabus their effective administration during implementation. IBPS RRB - OFFICE ASSISTANT?
Apply Online Like Sachin Tichkule, Abhishek Biswal and 286,364 others like this.
Specialist Officer 2014 Less than 80
Notification Out! Between 81-90
You might also like: Between 91-100
IBPS CLERK III Between 101-110
IBPS Clerk III Final Between 111-120
Result Between 121-130
IBPS Clerk III Interview
Capsule More than 131
Interview Schedule
Vote Show results
Poll: IBPS Clerk III The Indian Insurance System Bank of India's
Scores Financial System in India - An Notice Regarding
Written Test Result Overview Fake Recruitment
GK Power Capsule for HOW MUCH DID YOU SCORED IN
IBPS Clerk III IBPS RRB - OFFICER SCALE?
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Bankers Adda: Fiscal System in India 29-01-2015
NICL AO Exam
Experience
IT OFFICER COURSE BY CAREER
NICL AO Exam POWER
Cancelled. Re-exam in
Dec 2013
Last Date Extended
Doubts Clarified
Notification
2600 VACANCIES IN
GENERAL INSURANCE
COMPANIES
Special GK Capsule
for Exam
Download Admit Card
for Written Test
Last date to apply SSC CGL Tier II Batch Starting
extended from 3rd Nov 2014
Role of Insurance
Assistant
Doubts Clarified Own a Career Power Centre in
Notification Your City : Career Power
Franchisee Program
GK UPDATES CAPSULES
Bankers Adda - Rules and
Special GK Updates Regulations
(November 2014)
Special GK Updates
(October 2014) HOW MUCH IS YOUR TOTAL
ATTEMPT IN IBPS PO IV?
Special GK Updates
(September 2014) Less than 15
Special GK Updates
(August 2014) Between 16-20
Special GK Updates Between 21-25
(July 2014) Between 26-30
Special GK Updates
(June 2014) More than 30
Special GK Updates
(May 2014) Vote Show results
Special GK Updates Votes so far: 40949
(April 2014)
Days left to vote: 261
Special GK Updates
(March 2014)
Special GK Updates
(February 2014)
GK Special Updates HOW MUCH DID YOU ATTEMPT IN
(January 2014) REASONING SECTION IN IBPS PO
IV?
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Bankers Adda: Fiscal System in India 29-01-2015
IV?
Special GK Updates
(December 2013) Less than 15
Special GK Updates
(November 2013) Between 16-20
Special GK Updates Between 21-25
(October 2013)
Between 26-30
Special GK Updates
(September 2013) More than 30
Special GK Updates
(August 2013) Vote Show results
Special GK Updates
(July 2013) Votes so far: 40353
Days left to vote: 261
Special GK Updates
(June 2013)
Special GK Updates
(May 2013) HOW MUCH DID YOU ATTEMPT IN
QUANT SECTION IN IBPS PO IV?
Special GK Updates
(April 2013)
Less than 14
Special GK Updates
(March 2013) Between 15-16
Special GK Updates Between 17-18
(February 2013)
More than 19
Special GK Updates
(January 2013)
Vote Show results
Special GK Updates
(December 2012)
Votes so far: 39675
Special GK Updates Days left to vote: 261
(November 2012)
Special GK Updates
(October 2012)
Special GK Updates HOW MUCH DID YOU ATTEMPT IN
(September 2012) ENGLISH SECTION IN IBPS PO IV?
Special GK Updates Yes
(August 2012)
Special GK Updates No
(July 2012) Doesn't Matter
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Bankers Adda: Fiscal System in India 29-01-2015
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IBPS PO 2012 Subscribe
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Experience
Common Interview BOB Manipal Interview Batches
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Bankers Adda: Fiscal System in India 29-01-2015
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