UPSC Civil Services Prelims 2021
Question 12 of 52Indian Economy
Which among the following steps is most likely to be taken at the time of an economic recession?
ACut in tax rates accompanied by increase in interest rate
BIncrease in expenditure on public projects
CIncrease in tax rates accompanied by reduction of interest rate
DReduction of expenditure on public projects
Correct Answer
The correct answer is hidden
Explanation
22 words hidden ... employment, and generates multiplier effects across the economy. By contrast, reducing expenditure would deepen the ... 27 words hidden