Producer Behaviour and Supply-Revenue [CBSE (Central Board of Secondary Education) Class-12 Economics]: Questions 22 - 28 of 28

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Question 22

Statement True-False▾

When total revenue is maximum, marginal revenue is also maximum.

Choices

Choice (4)Response

a.

True

b.

False

c.

Question does not provide sufficient data or is vague

d.

None of the above

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Question 23

Describe in Detail Subjective▾

Explain the basis of classifying government receipts into revenue receipts and capital receipts. Give two example of each.

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Explanation

Revenue receipts:- Do not create liability and do not lead to reduction in assets.

Example: (i) receipts from tax revenue (ii) receipts from non-ta…

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Question 24

Describe in Detail Subjective▾

what is revenue deficit? What are its implications?

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Explanation

Revenue deficit is generated when Revenue Receipts of government are less than Revenue Expenditure of the government.

Revenue deficit is related to revenue expenditure and revenue receipts of the government.

Revenue receipts and revenue expenditures are related to high revenue deficit and it gives some error to the government to cut its expenditure. …

… (85 more words, 6 figures) …

Question 25

Describe in Detail Subjective▾

Give meaning of capital expenditure and revenue expenditure in a government budget and an example of each.

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Explanation

(i) Revenue Expenditure:-

Revenue expenditure refer to the expenditure which creates any asset and do not cause reduction in liability of government. It is recurring in nature. it is normal function of government and the provision for service.

Example:- pensions, interests, expenditure etc.

The Revenue Expanditure

(ii) Capital Expenditure:- capital exp…

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Question 26

Describe in Detail Subjective▾

Complete the following table:

Price (₹)Output (Units)Total Revenue (Rs)Marginal Revenue (₹)
-16-
4--2
-36-
1--(-) 2
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Explanation

… (8 more equations) …

Question 27

Write in Short Short Answer▾

Give meaning of Revenue

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Question 28

Describe in Detail Subjective▾

Distinguish between ‘revenue receipt’ and ‘capital receipt’ and give two examples of each.

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Explanation

In Detail Distinguish between Revenue Receipt and Capital Receipt and Give Two Examples
CharacteristicsRevenue receiptCapital receipt
DefinitionRevenue receipt means income created from the operating activities.Capital receipt means income created from investment

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