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