CBSE Class 12 Economics Goverment Budget And The Economy Worksheet Set A

Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics Goverment Budget And The Economy Worksheet Set A has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 12 Assignments and practice them daily to get better marks in tests and exams for Grade 12. Free chapter wise worksheets with answers have been designed by Standard 12 teachers as per latest examination pattern

Government Budget And The Economy Class 12 Economics Worksheet Pdf

Class 12 Economics students should refer to the following printable worksheet in Pdf for Government Budget And The Economy in Grade 12. This test paper with questions and solutions for Standard 12 Economics will be very useful for tests and exams and help you to score better marks

Class 12 Economics Worksheet for Government Budget And The Economy

GOVERNMENT BUDGET AND THE ECONOMY
 
VERY SHORT ANSWERS / OBJECTIVE TYPE 
 
1. ____________ is equal to fiscal deficit less interest payment
 
2. The receipts which neither create any liability nor lead to any reduction in asset are called _____
 
3. Recovery of loans , borrowing and disinvestment etc. are the example of ______ receipts
 
4. Value added tax is an example of ____________ tax.
 
5. Income tax is _________ tax. ( progressive / regressive )
 
6. Borrowing in a government budget is :
 
a) Revenue deficit b) primary deficit  c) fiscal deficit  d) all of the above
 
7. Providing subsidized LPG to the poor people is :
a) Allocation function
b) Distribution function
c) Stabilization function
d) Both a and b
 
8. What is government budget?
 
9. What are non -tax revenue?
 
10. Fiscal deficit are necessarily inflationary ( True / False )
 
SHORT ANSWER QUESTIONS ( 3/ 4 MARKS )
 
1. Distinguish between revenue receipts and capital receipts
 
2. Distinguish between revenue expenditure and capital expenditure with suitable examples.
 
3. Explain the different ways to reduce deficit in government budget.
 
4. Distinguish capital Budget and Revenue Budget.
 
5. What is primary deficit? Write its implications.
 
6. Calculate revenue deficit from the given data and write implication of revenue deficit.
 
i) Tax revenue                        250
ii) Non- tax revenue                150
iii) Revenue expenditure          575
iv) Interest payments              100
v) Capital expenditure             120
 
LONG ANSWER QUESTIONS (6 MARKS)
 
7. Explain the function of government budget.
 
8. How do we calculate Fiscal Deficit? Write its implications.


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