Class 12 Economics Government Budget

May 21, 2020

A K COACHING CENTRE

GOVERNMENT BUDGET 25 MM

Q1. GIVE REASON CLASSIFY AS DIRECT AD IDIRECT TAX:

1. CORPORATE TAX

2. CUSTOM DUTY

3. VAT 3

Q2. IDENTIFY CAPITAL RECEIPTS OR REVENUE RECEIPTS:

1. DIVIDENT RECEIVED BY GOVT. FROM A COMPANY.

2. SALE OF SHARES HELD BY GOVERNMENT IN A PSU.

3. INTEREST RECEIVED ON LOANN 3

Q3. IDENTIFY REVEUE EXP. AD CAPITAL EXP.

1. PURCHASE OF METRO COACHES FROM JAPAN

2. PENSION PAID TO RETIRED GOVT. EMPLOYEES

3. EXPENDITURE ON COLLECTIO OF TAXES 3

Q4. DIFFERENCE BETWEEN

A. REVEUE EXP. AND CAPITAL EXP. 3

Q5. DEFINE ESCHEATS 1

Q6. DEFINE GOVT. BUDGET? WHAT ARE THE OJECTIVES OF GOVT. BUDGET? 6

Q7. TAX RATES ON HIGHER INCOME GROUP HAVE BEEN INCREASED. WHICH ECONOMIC VALUE DOES IT REFLECT? EXPLAIN 2.

Q8. TRUE OR FALSE

A. REVEUE RECEIPT FROM NON- TAX REVEUSE IS ALWAYS MORE AS COMPARED TO TAX REVENUE

B. TAX PAYMENTS TO THE GOVT. DO NOT PROVIDE ANY DIRECT BENEFITS TO THE TAX PAYERS. 2

Q9. FILL

A. UNINON BUDGET IS THE BUDGET IS OF ………………….

B. “POLICIES OF SURPLUS BUDGET DURING INFLATION “ IS A PART OF ………………… OJECTIVE OF THE GOVT. BUDGET. 2