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Define of the following concept.
Balanced budget
Concept: Objectives of Government Budget
State whether the following statements are TRUE or FALSE with reason.
Government budget is a family budget.
Concept: Objectives of Government Budget
Choose the correct answer :
The Government budget is for _________.
Concept: Objectives of Government Budget
State whether the following statements are True or False with reasons:
The expenditure is more than income in balanced budget.
Concept: Types of Budget
Give reasons or explain the following statement:
It is more appropriate to tax the rich in excess than the poor.
Concept: Taxable Income
Give reasons or explain the following statement:
For the period of inflation surplus budget is prepared.
Concept: Types of Budget
Write the answers in ‘one’ or ‘two’ paras each:
Explain the types of Government budget.
Concept: Types of Budget
Fill in the blank with appropriate alternatives given below
__________ is an example of direct tax.
Concept: Taxable Income
Define or Explain.
Budget
Concept: Public Economics - Budget (1 Year)(1 April to 31 March)
Distinguish between:
Deficit budget and balanced budget
Concept: Types of Budget
Define 'or' explain the following concept.
Fixed capital
Concept: Public Economics - Budget (1 Year)(1 April to 31 March)
The budget consists of revenue receipts and revenue expenditure ______
Concept: Government Budget
Find the odd word out:
Types of budget:
Concept: Types of Budget
Demand for necessaries is................
(elastic / inelastic / infinitely elastic / unitary elastic)
Concept: Concept of Demand
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
Concept: Concept of Demand
When does ‘increase’ in demand take place?
Concept: Demand Curve
Distinguish between Individual demand and Market demand.
Concept: Types of Demand
Concept: Demand Curve
Demand for electricity is elastic.
Concept: Concept of Demand
Distinguish between the following:
Direct demand and Indirect demand.
Concept: Types of Demand
