Q. Consider the following:
1.Rationalization of subsidies.
2.Decreasing the tax base in the economy.
3.Reducing bonus of the government employees.
Which of the above measures is/are required to check the fiscal deficit of the country?

[A] 1 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 3 only

Answer: C

Statement 1: Rationalization of subsidies, reducing bonus of the government employees and increasing tax base in the economy are some of the measures required to check fiscal deficit of a nation.

Source: Live Mint