GS3 · 15 marks · 250 words
Recently, the Reserve Bank of India (RBI) announced a transfer of surplus to the Union Government for the financial year 2024-25. What does 'surplus' mean in this context? How does the RBI generate it, and what is its significance for the country's fiscal policy?
Answered by 2 toppers · CSE 2025
Syllabus: Government Budgeting.
How toppers approached it
From all 2 answers · about 230 words · 100% drew a diagram.
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The toppers’ answers
More on Fiscal Policy and Budgeting
The Union and State budgets, fiscal deficit, FRBM, off-budget borrowing, counter-cyclical spending, devolution of revenue.
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