Class 12 Economics assignment UNIT VII (MACRO) GOVERNMENT BUDGET







UNIT VII (MACRO)

GOVERNMENT BUDGET

 

1.  What is `Government Budget`? Name and define two categories of budget receipts

2.  Categorize the following into revenue or capital receipts. Give reason.

     a)  recovery of loan

     b)  corporation tax

     c)  dividends on the investment made by the Govt

     d)  sale of a PSU

3.  Categorize the following into revenue or capital expenditure

    a)  subsidies

    b)  grants given to state governments

    c)   repayment of loans

    d)  construction of a school building

4.  Define the three types of deficits related to Government Budget. What are their implications?

5.  How can the Govt use its budget to achieve its objectives w.r.t. economic and social policies? Discuss.


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