Sandeep Garg Macroeconomics Class 12 Solutions Government Budget and the Economy
Short Questions
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.1 - State three objectives of a government budget
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.2 - Explain objective of stability of prices of government budget.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.3 - How can a government budget help in reducing inequalities reducing inequalities of income? Explain.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.4 - Explain the 'allocation of resources' objective of Government budget.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.5 - What is a government budget? Name two sources each of non-tax revenue receipts and capital Receipts.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.6 - What is a government budget? Give the meaning of: (a) Revenue deficit; (b) Fiscal deficit.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.7 - What are the two broad divisions of receipts of the government budget? Name two sources of each kind of receipt.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.8 - Define tax revenue. What are the two kinds of tax revenues? Give two examples of each.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.9 - Distinguish between Direct Tax and Indirect Tax.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.10 - Explain with the help of suitable examples the basis of classifying taxes into direct and indirect taxes.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.11 - Distinguish between revenue receipts and capital receipts.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.12 - Give meanings of Capital receipts and Revenue receipts with an example of each.
Long Questions
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.1 - Define Government budget. Explain the various objectives of a government budget.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.2 - What is meant by non-tax revenue? Explain the different sources of non-tax revenue
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.3 - What is meant by budget expenditure? Distinguish between revenue expenditure and capital expenditure.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.4 - What is the meaning of revenue receipts? What are the two main sources of revenue receipts?
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.5 - Discuss the meaning of following deficits: (i) Revenue Deficit; (ii) Fiscal Deficit; and (iii) Primary Deficit.
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.6 - Distinguish between: (a) Direct Tax and Indirect tax (b) Primary deficit and Revenue deficit
Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy
Q.7 - Distinguish between the following (a) Revenue receipts and Capital receipts (b) Revenue deficit and Fiscal deficit
Sandeep Garg Macroeconomics Solutions
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- Government Budget and The Economy