UPSC Themes

UPSC CSE Mains 2013 · GS3

What is the meaning of the term ‘tax expenditure’? Taking housing sector as an example, discuss how it influences the budgetary policies of the government.

Theme

T134 Budgeting & fiscal policy: capital vs revenue, FRBM, tax expenditure, budgets

What UPSC asks in this theme

UPSC asks capital vs revenue budget components, LTCG and DDT changes in 2018, budget objectives, FRBM's rationale and record, and tax expenditure.

What to cover

Writing the answer

These notes are for the whole theme, built from all 5 of its PYQs. UPSC does not publish model answers.

More PYQs from this theme

  1. GS32021

    Distinguish between Capital Budget and Revenue Budget. Explain the components of both these Budgets.

  2. GS32018

    Comment on the important changes introduced in respect of the Long Term Capital Gains Tax (LTCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019.

  3. GS32017

    One of the intended objectives of Union-Budget 2017-18 is to ‘transform, energize and clean India’. Analyze the measures proposed in the Budget 2017-18 to achieve the objective.

  4. GS32013

    What were the reasons for the introduction of Fiscal Responsibility and Budget Management (FRBM) Act, 2003? Discuss critically its salient features and their effectiveness.

All 25 GS3 2013 questions · Technology, Economy, Environment, Security & Disaster Management · Report a typo