Fiscal System and Fiscal Policy

Fiscal System : It refers to the management of revenue and capital expenditure finances by the state. Hence, fiscal system includes budgetary activities of the government that is revenue raising, borrowing and spending activities.

Fiscal System and Fiscal Policy
Fiscal System and Fiscal Policy

Fiscal Policy : Fiscal Policy refers to the use of taxation, public expenditure and the management of public debt in order to achieve certain specified objectives.

Superlatives : World

Biggest Bell : Great Bell at Moscow

Smallest Bird : Humming Bird

Biggest Cinema House : Roxy (New York)

Largest Country (in area) : Russia

Largest Diamond : The Cullinan (over 1.5 lb)

Largest Lake (Fresh Water) : Lake Superior, U.S.A.





Abbreviations associated with Computer

  • CDAC : Centre for Development of Advanced Parallel Computing
  • HTTP : Hyper Text Transfer Protocol
  • CAD : Computer Aided Design
  • LDU : Liquid Display Unit
  • COBOL : Common Business Oriented Language
  • VLSI : Very Large Scale Integrated
  • PROM : Programmable Read Only Memory

Hyper Text Transfer Protocol - HTTP
Hyper Text Transfer Protocol