Sandeep Garg Macroeconomics Class 12 Solutions Government Budget and the Economy

Short Questions

State three objectives of a government budget

Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy

Q.1 - State three objectives of a government budget

Explain objective of stability of prices of government budget

Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy

Q.2 - Explain objective of stability of prices of government budget.

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.3 - How can a government budget help in reducing inequalities reducing inequalities of income? Explain.

Explain the allocation of resources objective of Government budget

Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy

Q.4 - Explain the 'allocation of resources' objective of Government budget.

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.5 - What is a government budget? Name two sources each of non-tax revenue receipts and capital Receipts.

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.6 - What is a government budget? Give the meaning of: (a) Revenue deficit; (b) Fiscal deficit.

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.7 - What are the two broad divisions of receipts of the government budget? Name two sources of each kind of receipt.

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.8 - Define tax revenue. What are the two kinds of tax revenues? Give two examples of each.

Distinguish between Direct Tax and Indirect Tax

Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy

Q.9 - Distinguish between Direct Tax and Indirect Tax.

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.10 - Explain with the help of suitable examples the basis of classifying taxes into direct and indirect taxes.

Distinguish between revenue receipts and capital receipts

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

Define Government budget. Explain the various objectives of a government budget.

Sandeep Garg Macroeconomics Class 12 Government Budget and the Economy

Q.1 - Define Government budget. Explain the various objectives of a government budget.

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.2 - What is meant by non-tax revenue? Explain the different sources of non-tax revenue

What is meant by budget expenditure Distinguish between revenue expenditure and capital expenditure.

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.

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.4 - What is the meaning of revenue receipts? What are the two main sources of revenue receipts?

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.5 - Discuss the meaning of following deficits: (i) Revenue Deficit; (ii) Fiscal Deficit; and (iii) Primary Deficit.

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.6 - Distinguish between: (a) Direct Tax and Indirect tax (b) Primary deficit and Revenue deficit

Distinguish between the following (a) Revenue receipts and Capital receipts (b) Revenue deficit and Fiscal 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

National Income and Related Aggregates
Money and Banking
Government Budget and The Economy