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In this class, Ruby Rawat will conduct revision based on questions and numericals of Government Budget and Economy and PYQs of the topic.This class will be beneficial for CBSE Class 12 aspirants at any level of their preparations. (c) Capital receipts either create an asset or cause a reduction in the liabilities. These events are most likely to lead to a rise in Fiscal policy can be used to affect both the level of economic activity and the pattern of economic activity of MCQs - Government Budget And The Economy Commerce Notes | EduRev for Commerce, the answers and examples explain the meaning of chapter in the best manner. Start studying MCQ TEST. Budget is a financial statement showing the expected receipt and expenditure of Govt. (a) Revenue receipts are regular in nature. In a mixed economy, the private producers aim towards profit maximisation, while, the government aims towards welfare maximisation. 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The private sector always tend to divert resources towards areas of high profit, while, ignoring areas of social welfare. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. We have Provided Globalisation and the Indian Economy Class 10 Economics MCQs Questions with Answers to help students understand the … To Study MCQs - Government Budget And The Economy Commerce Notes | EduRev for Commerce Tests & Videos, you can search for the same too. MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern. myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. Nirmala Sitharaman presents the Union Budget for the fiscal year 2020-21 in the Parliament on 1 February 2020 and here we are with the Important Union Budget Questions 2020. Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. We have provided Government Budget and the Economy Class 12 Economics MCQs Questions with Answers to help students understand the … Economics Mcqs for test Preparation from Basic to Advance. Government Budget and the Economy – CBSE Notes for Class 12 Macro Economics. Do check out the sample questions d) none of the above The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. (a) Balanced(b) deficit(c) Surplus(d) None of theseAns: CQ.18 Given the following data : (i) Total budgeted expenditure          Rs. (b) prohibiting its sale in the school canteen. Commerce. 150(b) Rs. here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. (a) National debts for future generation(b) Inflationary spiral, (c) Erosion of government credibility(d) All of theseAns: D, (a) Selling of its fixed capital assets(b) Selling of its buildings(c) Selling of shares of public enterprises held by it, (d) All of the aboveAns: DQ.17 The estimated income receipts of the government in the budget of 2016-17 is Rs. 1. 1000Ans: BQ.19 Aerated drinks like Coke cause obesity, the government can help in restricting its consumption by : (Choose the correct alternative). Jan 11, 2021 - MCQs - Government Budget And The Economy Commerce Notes | EduRev is made by best teachers of Commerce. Define indirect tax. Macroeconomics - Open Economy - MCQs with answers 1) Which among the following could be said to be an 'Open Economy'? This is a descriptive chapter on government budget of Indian economy, wherein its objectives, importance, types, components, budget deficits and its types (Revenue, Fiscal, Primary Deficit) and their implications are studied. (a) Fees(b) Fines(c) Gift tax(d) Grants and donationsAns: CQ.13 Tax, the impact of which lies on the person on whom it is legally imposed, is known as: (a) indirect tax(b) direct tax(c) value added tax(d) none of theseAns: BQ.14 In the context of government budget, which of the following statement is correct ? Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning. However, there are multiple features of the Constitution, namely Secular State, Federalism, Parliamentary Government, Fundamental Rights and… The entire NCERT textbook questions have been solved by best teachers for you. Q.1 Which of the following is not a non-tax revenue receipt ? Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. Extra Question for Class 12 Economics Government Budget and the Economy. 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Science is inexplicably linked with our lives and helps us to understand the world around us better. (b) It is a detail of actual receipts and expenditures of the government in a financial year. C: It does not allow the government to impose a new tax. 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MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Introduction. c) the government has to resign. This document is highly rated by Commerce students and has been viewed 8780 times. Non … (d) counselling the students through the school.Ans: AQ.20 In the budget, which type of expenditure is expenditure on land ? Government Budget and the Economy Class 12 MCQs … Find (a) Fiscal deficit and (b) Primary deficit from the following: Particulars. It is allowed in the parliament to cover the deficit left by the last budget. The CBSE Science Challenge - 2020 Economic Stability: The government budget is used to prevent business fluctuations of inflation and deflation from achieving the objective of economic stability. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, SSC etc. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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MCQ I macro economics I government budget & economy I class 12 Hello learners.....welcome to management classes with pallavi. b) It is a detail of actual receipts and expenditures of the government in a financial year, c) It offers a detailed description of achievements of the government during the 5 year plans, d) It indicates  BoP status of the economy, a) Charged at an increasing rate when income of the individual increases, b) Charged at a decreasing rate when income of the individual increases, c) Relatively a low percentage of an individual’s income, d) A fixed percentage of an individual’s income, a) Total expenditure – total receipt other than borrowing, c) Capital expenditure – capital receipts, d) Revenue expenditure + Capital expenditure - revenue receipts, a) Estimated revenue of the government < estimated expenditure of the government, b) Estimated revenue of the government > estimated expenditure of the government, c) Estimated revenue of the government = estimated expenditure of the government. 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The intend of this article is to guide the students about the course of action they should follow once they receive the CBSE question papers in the school as well as board examination centre. 4) If the interest rate is higher in the US than in the UK, then A) The dollar is expected to appreciate with respect to the pound. (d) It indicates BOP status of the domestic economyAns: AQ.15 Which of the following is/are implication/s of fiscal deficit ? Practice test sheets for Class 12 for Economics made for important topics in NCERT book 2020 2021 available for free... Download syllabus for Class 12 Economics issued by CBSE and NCERT for 2021. Click here to download NCERT Solutions for questions of Class 12 Economics NCERT Book. Free download latest Useful Resources like important concepts, sure shot questions, guess papers, exam notes and other study material for CBSE Class 12... 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