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Xii Eco Ch-10 G.B

This document is an assignment for Class XII Economics at VSPK International School, focusing on Chapter 10, Government Budget for the session 2025-2026. It includes a series of questions that assess students' understanding of government budgets, fiscal deficits, and taxation. The assignment consists of multiple-choice questions, short answer questions, and requires students to distinguish between different types of taxes and provide a flow chart of the government budget components.

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coddaksh
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45 views3 pages

Xii Eco Ch-10 G.B

This document is an assignment for Class XII Economics at VSPK International School, focusing on Chapter 10, Government Budget for the session 2025-2026. It includes a series of questions that assess students' understanding of government budgets, fiscal deficits, and taxation. The assignment consists of multiple-choice questions, short answer questions, and requires students to distinguish between different types of taxes and provide a flow chart of the government budget components.

Uploaded by

coddaksh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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VSPK International School, Sonipat ​

Session 2025-2026
Subject- Economics
Assignment-
Chapter-10 Govt. Budget
Class: XII Date: _________
General Instructions:
●​ * Questions 1-6 carry 1 mark each.
●​ * Questions 7-9 carry 3 marks each.​

1.​ What is Government Budget?


___________________________________________________________________________
___________________________________________________________________________
2.​ List the following items as revenue and Capital expenditure. Give reasons for the same.
a.​ Subsidies
b.​ Repayment of loans
c.​ Amount borrowed from UK repaid
d.​ Grants given to State Government
e.​ Expenditure on building a bridge
Answer_____________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
3.​ Which of these is a capital receipt?
a.​ Tax received
b.​ Dividend received
c.​ Disinvestment
d.​ External Grants
Answer_________________________________________________________________
4.​ What does the Fiscal Deficit relate to under the government budget?
a.​ Taxes shortfall
b.​ Disinvestment shortfall
c.​ Borrowing requirement
d.​ Disinvestment requirement
Answer ___________________________________________________________________
5.​ What does the primary deficit in sub-context of the government Budget relate to:
a.​ Interest Payment requirement.
b.​ Borrowing requirement.
c.​ (b) less (a)
d.​ (a) plus (b)
Answer __________________________________________________________________
6.​ Fiscal Deficit refers to:
a.​ Primary Deficit- Interest Payment
b.​ Aggregate budget expenditure- aggregate budget receipt.
c.​ Primary Deficit+ Interest payments
d.​ None of these.
7.​ What are the Objectives of Government Budget?
Answer
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

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8.​ Mention any three Non- Tax Receipts.
Answer_____________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
9.​ Distinguish between:
a.​ Direct and Indirect Tax
b.​ Progressive and Regressive Tax

Direct Tax Indirect Tax

Progressive Tax Regressive Tax

10.​ Mention all the components of Government Budget in a Flow- Chart

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