The 'effective revenue deficit' was introduced in the budget of which year? MCQ with Answer and Explanation

Explanation:
Wagner's Law posits that as an economy develops, the share of public expenditure in national income tends to rise due to increased demand for public goods and social services.

Explanation:
The Multidimensional Poverty Index, developed by UNDP and OPHI, captures deprivations in health, education and living standards beyond income poverty.

Explanation:
ECGC provides credit risk insurance to exporters against payment defaults.