Economics · Budgetary Concepts and Fiscal Policy
Which of the following statements regarding budgetary concepts and fiscal policy is/are correct? 1. Gender-responsive budgeting was formally introduced in the Indian Union Budget in the financial year 2005-06. 2. In a Keynesian liquidity trap, the crowding-out effect on private investment is absent because the demand for money is infinitely elastic. 3. The Programme Budget system organises government expenditures by specific programmes rather than by traditional departmental or ministerial divisions. Select the correct answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 22 and 3 only
- 31 and 3 only
- 41, 2 and 3✓
Correct answer
1, 2 and 3
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