HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Important Questions

Find the odd word out:

Features of National Income:

During the period of inflation surplus budget is advisable.

State whether the following statement is True or False :

Budget is a monthly statement - False.

Write short answer for the following question:

What are the Typing of Budget.

Fill in the blank with proper alternatives given in the bracket:

Budget is the _________________ of the revenue and expenditure of the coming year. 

Fill in the blank using proper alternatives given in the bracket:

During depression .............. budget is preferable.

Write short Answer for the following question:

Explain the components of government budget ?

Write short notes (Any Two)

Revenue Receipts

 State whether the following statements are True or False with reasons: 

 The expenditure is more than income in balanced budget. 

Give reasons or explain the following statement: 

 For the period of inflation surplus budget is prepared. 

Write the answers in ‘one’ or ‘two’ paras each: 

Explain the types of Government budget.

Distinguish between:

Deficit budget and balanced budget 

Optional functions of government:

1. Protection from external attack
2. Provision of education and health services
3. Provision of social security measures
4. Collection of tax

Obligatory functions of the Government include:

1. Provision of employment
2. Maintaining internal law and order
3. Welfare measures
4. Exporting goods and services

"Definition - Public finance is one of those subjects which are on the borderline between economics and politics." given by:

1. Adam Smith
2. Alfred Marshall
3. Prof. Hugh Dalton
4. Prof. Findlay Shirras

Trends shown by the Public expenditure of any Government show the following trend.

1. Constant
2. Increasing
3. Decreasing
4. Fluctuating

Distinguish between the following concepts:

Special assessment and Special levy.

Distinguish between the following concept:

Direct tax and Indirect tax.

State with reason whether you agree or disagree with the following statement:

Fines and penalties are a major source of revenue for the Government.