Government Budget and the Economy (CBSE Class-12 Economics): Questions 1 - 9 of 31

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Question number: 1

» Government Budget and the Economy » Classification of Receipts

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State any two sources of non-tax revenue receipts.

Question number: 2

» Government Budget and the Economy » Measures of Government Deficit

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How is primary deficit calculated?

Question number: 3

» Government Budget and the Economy » Classification of Expenditure

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What is the basis of classifying government expenditure into:

(a) Plan expenditure and non-plan expenditure

(b) Developmental expenditure and non-developmental expenditure.

Question number: 4

» Government Budget and the Economy » Government Budget

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How can budgetary policy be used for reducing inequalities in income and wealth?

Question number: 5

» Government Budget and the Economy » Government Budget

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Distinguish between direct tax and indirect tax. Give an example of each.

Question number: 6

» Government Budget and the Economy » Classification of Receipts

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Categorize the following government receipts into revenue and capital receipts Give reasons for your answer.

(a) Receipts from sale of shares of a public sector undertaking.

(b) Borrowings from public.

(c) Profits of public sector undertaking

Question number: 7

» Government Budget and the Economy » Government Budget

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Why is entertainment tax an indirect tax?

Question number: 8

» Government Budget and the Economy » Measures of Government Deficit

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Can there be a fiscal deficit in a government budget without a revenue deficit? Explain.

Question number: 9

» Government Budget and the Economy » Classification of Receipts

Short Answer Question▾

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Categories the following government receipts into revenue and capital receipts. Give reasons for your answer.

(a) Receipts from sale of shares of a public sector undertaking.

(b) Borrowings from public.

(c) Profits of public sector undertakings.

(d) Income tax received by government.

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