Online Mock Tests
Chapters
Chapter 2: Utility Analysis
Chapter 3.1: Demand Analysis
Chapter 3.2: Elasticity of Demand
Chapter 4: Supply Analysis
Chapter 5: Forms of Market
Chapter 6: Index Numbers
Chapter 7: National Income
Chapter 8: Public Finance in India
Chapter 9: Money Market and Capital Market in India
Chapter 10: Foreign Trade of India
Chapter 8: Public Finance in India
Balbharati solutions for Economics 12th Standard HSC Maharashtra State Board Chapter 8 Public Finance in India Exercise [Pages 79 - 80]
Choose the correct option:
Optional functions of Government :
a) Protection from external attack
b) Provision of education and health services
c) Provision of social security measures
d) Collection of tax
b and c
a, b and c
b, c and d
All of the above
Choose the correct option:
Obligatory functions of the Government:
a) Provision of employment
b) Maintaining internal law and order
c) Welfare measures
d) Exporting goods and services
c and d
a and b
only b
a, c and d
Choose the correct option:
"Definition - Public finance is one of those subjects which are on the borderline between economics and politics." ......... given by
a) Adam Smith
b) Alfred Marshall
c) Prof. Hugh Dalton
d) Prof. Findlay Shirras
only a
only b
only c
only d
Choose the correct option:
Non-tax sources of revenue:
a) Direct and Indirect Tax
b) Direct Tax and Fees
c) Fees
d) Special Levy
b and c
a and c
a, b, c and d
c and d
Choose the correct option:
Trends shown by Public expenditure of any Government shows following trend.
a) Constant
b) Increasing
c) Decreasing
d) Fluctuating
only a
only b
only c
only d
Choose the correct option:
Identify the right group of pairs from the given options.
| Group A | Group B |
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
i-d ii-c iii-b iv-a
i-c ii-d iii-a iv-b
i-d ii-c iii-a iv-b
i-a ii-b iii-c iv-d
Distinguish between the following concept:
Public finance and Private finance
Distinguish between the following concept:
Internal debt and External debt
Distinguish between the following concept:
Developmental expenditure and Non-developmental expenditure.
Distinguish between the following concept:
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:
Obligatory function is the only function of the Government.
State with reason whether you agree or disagree with the following statement:
Fines and penalties are a major source of revenue for the Government.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
The goods and services tax (GST) has replaced almost all indirect taxes in India.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
Democratic Governments do not lead to increase in public expenditure.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
Public finance is more elastic than private finance.
Read the given passage and answer the questions:
The conventional notion of social security is that the government would make periodic payments to look after people in their old age, ill-health, disability, and poverty. This idea should itself change from writing a cheque for the beneficiary to institutional arrangements to care for beneficiaries, including by enabling them to look after themselves, to a large extent.
The write-a-cheque model of social security is a legacy from the rich world at the optimal phase of its demographic transition when the working population was numerals enough and earning enough to generate the taxes to pay for the care of those not working. This model is ill-suited for less, well-off India with growing life expectancy, increasing urbanization, and resultant migration. Social security under urbanization will be different from social security in a static society.
- State the conventional notion of social security.
- What kind of conceptual change is suggested in the given paragraph?
- What is a legacy of social security from the rich world?
- Which features of India make the traditional model of social security ill-suited for the economy?
Write the answers in ‘one’ or ‘two’ paras each:
Explain the types of Government budget.
State the importance of the Government budget.
Explain the principles of taxation.
Explain non-tax sources of revenue of the Government.
Explain various reasons for the growth of public expenditure.
Chapter 8: Public Finance in India
Balbharati solutions for Economics 12th Standard HSC Maharashtra State Board chapter 8 - Public Finance in India
Balbharati solutions for Economics 12th Standard HSC Maharashtra State Board chapter 8 (Public Finance in India) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Economics 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.
Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.
Concepts covered in Economics 12th Standard HSC Maharashtra State Board chapter 8 Public Finance in India are Reasons for Growth in Public Expenditure, Tax Revenue, Non-tax Revenue, Government Budget, Types of Budget, Classification of Public Expenditure, Public Finance, Structure of Public Finance, Public Expenditure, Public Revenue, Public Debt, Fiscal Policy, Financial Administration, Importance of Budget.
Using Balbharati 12th Board Exam solutions Public Finance in India exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Balbharati Textbook Solutions to score more in exam.
Get the free view of chapter 8 Public Finance in India 12th Board Exam extra questions for Economics 12th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation
