Give and Take: What to Expect in India's Budget

Give and Take: What to Expect in India's Budget

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the impact of demonetization on India's economy, focusing on fiscal strategies, revenue gains, and tax reforms. It highlights the need for continued economic measures, such as promoting digital payments and simplifying the tax structure, to combat black money. The discussion also covers India's credit rating and the importance of economic reforms like GST in moving towards a formal economy. The video emphasizes the need for fiscal consolidation and reducing deficits to improve India's economic standing.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected focuses of the government in relation to vulnerable segments post-demonetization?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker describe the relationship between demonetization and tax compliance?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What fiscal gains does the speaker anticipate from the demonetization exercise?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the corporate tax rate cut mentioned in the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures does the speaker suggest are necessary to combat black money beyond demonetization?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the GST on India's economy as discussed in the text?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker believe the economy is moving in the right direction?

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