Economics · Fiscal Policy and Union Budget
Consider the following statements: a. A surplus budget may prove useful during a period of high inflation. b. A deficit budget is useful for stimulating demand and reducing unemployment during a recession. c. In India, the Ministry of Agriculture is responsible for framing the Union Budget. Which of the statement(s) given above is/are incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only c✓
- 2Only b
- 3b and c
- 4a and b
Correct answer
Only c
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