Sandeep Garg Macroeconomics Class 12 Solutions Government budget and the Economy
| Subject | Macroeconomics |
| Class | Class 12 |
| Textbook | Sandeep Garg |
| Chapter | Government budget and the Economy |
| Category | Class 12 Economics Solutions Sandeep Garg |
Short Questions – Sandeep Garg Macroeconomics Class 12 Solutions Government budget and the Economy
- State three objectives of a government budget
- Explain objective of stability of prices of government budget
- How can a government budget help in reducing inequalities reducing inequalities of income? Explain.
- 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.
- 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.
- Define tax revenue. What are the two kinds of tax revenues? Give two examples of each.
- Distinguish between Direct Tax and Indirect Tax
- Explain with the help of suitable examples the basis of classifying taxes into direct and indirect taxes
- Distinguish between revenue receipts and capital receipts
- Give meanings of Capital receipts and Revenue receipts with an example of each.
Long Questions – Sandeep Garg Macroeconomics Class 12 Solutions Government budget and the Economy
- 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
- 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?
- 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
- Distinguish between the following (a) Revenue receipts and Capital receipts (b) Revenue deficit and Fiscal deficit