In India, deficit financing is used for raising resources for
Aeconomic development
Bredemption of public debt
Cadjusting the balance of payments
Dreducing the foreign debt
Answer & Solution
Correct answer: A. economic development
UPSC CSE Prelims 2013 (GS-I, Set A), Q.44. Official answer key: A.
Related questions
Selling part of the equity of public sector enterprises to the public is called:Before reforms, India protected industry through tight import controls and:As an immediate step in 1991, the rupee was:GST is meant to create one nation, one tax and one:GST came into effect from:The Goods and Services Tax Act was passed by Parliament in:Taxes levied on commodities are called:Moderate income tax rates are believed to encourage savings and: