What is fiscal discipline ? What …
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Suman Sharma 5 years, 1 month ago
- 1 answers
Related Questions
Posted by Mehar Ansari 1 year, 2 months ago
- 0 answers
Posted by Naman Jain 1 year, 1 month ago
- 1 answers
Posted by Niyati Garg 1 year, 1 month ago
- 0 answers
Posted by Dipika Sharma 1 year, 2 months ago
- 0 answers
Posted by Nandita Sharma 1 year, 2 months ago
- 1 answers
Posted by Rijum Karlo 1 year, 2 months ago
- 0 answers
Posted by Shruti Singh 1 year, 2 months ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Yogita Ingle 5 years, 1 month ago
Fiscal discipline refers to a state of an ideal balance between the revenues and the expenditures of the government. It requires timely check on the expenditures, in view of the limited revenues of the government.
Lack of fiscal discipline causes greater flow of money than the volume of output in the economy. It leads to inflationary condition where wages catch prices and prices catch wages. Because of high cost of production with low aggregate demand, process of investment will be in trouble. When investment get struck or is reduced, then unemployment prevails which lead to low level of equilibrium trap.
0Thank You