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Chapters
1: Factors of Production
Unit II - Theory of Demand and Supply
2: Elementary Theory of Demand
3: Elasticity of Demand
4: Theory of Supply
Unit III - Market
5: Meaning and Types of Markets
Unit IV - Banking in India
6: Meaning and Functions of Money
7: Commercial Banks
8: Central Bank
▶ 9: Introduction to Public Finance
10: Public Revenue
11: Public Expenditure
12: Public Debt
Unit V - Inflation
13: Inflation
Unit VI - Consumer Awareness
14: Consumer Awareness
![Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई chapter 9 - Introduction to Public Finance - Shaalaa.com](/images/economics-english-class-10-icse_6:79542639410243508fde8e322c338fd1.jpg "Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई chapter 9 - Introduction to Public Finance")
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Solutions for Chapter 9: Introduction to Public Finance
Below listed, you can find solutions for Chapter 9 of CISCE Goyal Brothers Prakashan for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई.
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई 9 Introduction to Public Finance Exercise [Pages 196 - 198]
MULTIPLE CHOICE QUESTIONS
Public finance deals with ______.
Public Revenue
Public expenditure
Public debt
All the above
Identify the correct statement from the following:
The objective of public expenditure is maximise social benefit
A government cannot borrow from international agencies.
Government budgets are not made public
None of these
The word finance is used for ______.
Public finance only
Private finance only
Both Public finance only and Private finance only
Banking
Choose the correct statement from the following:
Public finance has positive aspect only
Public finance has normative assertive only
Both Public finance has positive aspect only and Public finance has normative assertive only
Neither Public finance has positive aspect only nor Public finance has normative assertive only
Public finance does not deal with ______.
Public Revenue
Monetary Policy
Public Expenditure
Public debt
The study of the nature and principles of government's revenue and its expenditure is known as ______.
Public debt
Public expenditure
Financial administration
Public finance
The study about the revenue and expenditure operations of the government is also known as ______.
Public revenue
Public expenditure
Public debt
Public finance
ASSERTION-REASONING & STATEMENT BASED QUESTIONS Read the following statements-Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Public finance is the method to manage the public funds in the nation's economy.
Reason (R): Public revenue, public expenditure budget preparation and public debt the components of public finance.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (А).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): In public finance, expenditure is adjusted according to income.
Reason (R): In public finance, government determines expenditure first then means to raise funds.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (А).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Read the following statements carefully and choose one of the correct alternatives given below:
Statement (1): When public expenditure exceeds public revenue, the gap is filled by public debt.
Statement (2): When public revenue exceeds public expenditure, we have surplus budget.
Both statements are true.
Both statements are false.
Statement 1 is true but Statement 2 is false.
Statement 2 is true but Statement 1 is false.
Short Answer Type Questions
Define the term public finance.
What is public finance in its positive aspect?
Define public revenue.
Define public expenditure.
Define public debt.
What is public finance in its normative aspect?
Distinguish between the following concepts:
Public Finance and Private Finance
Long Answer Type Questions.
Define the term public finance.
Define the term public finance.
Distinguish between the following concepts:
Public Finance and Private Finance
What is the nature of public finance?
Is public finance a positive or a normative science?
Mention any three similarities between public finance and private finance.
Distinguish between the following concepts:
Public Finance and Private Finance
Explain any two objectives of the fiscal policy in a developing economy.
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई 9 Introduction to Public Finance QUESTION BANK [Page 198]
Define the term public finance.
What is included in the study of public finance?
What is public revenue?
What is public expenditure?
What do you mean by public debt?
Distinguish between the following concepts:
Public Finance and Private Finance
Write any two points of importance of public finance in an economy.
Define fiscal policy.
Mention any three similarities between public finance and private finance.
Define fiscal policy.
Explain any two objectives of the fiscal policy in a developing economy.
Solutions for 9: Introduction to Public Finance
Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई chapter 9 - Introduction to Public Finance
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Concepts covered in इकॉनॉमिक्स [इंग्रजी] इयत्ता १० आयसीएसई chapter 9 Introduction to Public Finance are Public Finance, Nature of Public Finance, Difference Between Public Finance and Private Finance.
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