Commerce (English Medium) Class 12 - CBSE Important Questions

State with valid reason whether the following statement is true or false:

“Higher productivity and production are the outcome of investment in human resources.” 

State with valid reason whether the following statement is true or false:

Rising population is not the cause for quality of human capital formation. 

Statement 1: In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.

Statement 2: Aggregate demand curve always start from point of origin with positive slope.

In the light of given statements, choose the correct alternative from the following:

Fiscal deficit equals :

(a) Interest payments

(b) Borrowings

(c) Interest payments less borrowing

(d) Borrowing less interest payments

Explain how government budget can used to bring in price stability in the economy.

Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.

Expenditure on a collection of taxes.

Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.

Distinguish between revenue deficit and fiscal deficit.

Explain any one objective of Government Budget.

Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?

Explain how government budget can be used to influence the distribution of income?

Explain the meaning of Budget set 

Define revenue

Which one of these is a revenue expenditure?

Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.

Expenditure on purchasing computers

Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:

Expenditure on scholarships

The government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.

Explain the major components of government budget.

In order to tackle the problem of rising general price in an economy, government may come up with a surplus budget to achieve the budget objective of ______.

1. reallocation of resources
2. price stability
3. redistribution of income

______ is a process, which includes all the activities from sowing till sale of the final produce in the market.