The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of: MCQ with Answer and Explanation

Explanation:
A current account deficit occurs when imports of goods, services and income exceed exports.

Explanation:
The classical dichotomy is the proposition that real variables (output, employment, relative prices) are determined independently of nominal variables and that money is neutral in the long run.

Explanation:
Economic planning in India aimed at growth, modernisation, self-reliance and social justice (reduction of inequality), not maximisation of inequality.