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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
▶ 29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 29 - Fiscal Policy - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 29 - Fiscal Policy")
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Solutions for Chapter 29: Fiscal Policy
Below listed, you can find solutions for Chapter 29 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 29 Fiscal Policy TEST QUESTIONS [Pages 29.12 - 29.13]
SHORT ANSWER QUESTIONS
Define fiscal policy.
State two objectives of fiscal policy.
State and explain instruments of fiscal policy.
What type of fiscal policy is needed for inflation?
What type of fiscal policy should be adopted for exchange stability?
To what extent is taxation policy as a role of fiscal policy helpful in developing countries?
Public Expenditure Policy helps to promote economic development in developing countries. How?
What is the role of public debt in economic development of an economy?
State the role of deficit financing in the development of an economy.
Explain any two limitations of fiscal policy.
LONG ANSWER QUESTIONS
What do you understand by fiscal policy?
State two objectives of fiscal policy.
Define fiscal policy.
State and explain instruments of fiscal policy.
Explain the methods of Fiscal Policy.
Explain any two limitations of fiscal policy.
Explain the methods of Fiscal Policy.
Explain any two limitations of fiscal policy.
Explain the following:
Optimum allocation of resources as an objective of fiscal policy
Explain the following:
Price stability
Explain the following:
Public works
Explain the use of fiscal policy in controlling inflationary situation.
Explain the use of fiscal policy in controlling deflationary situations.
State and explain instruments of fiscal policy.
Discuss the role of fiscal policy in an underdeveloped economy.
Discuss how equity can be achieved through the fiscal policy.
Explain how stability can be achieved through fiscal policy.
Explain how growth can be achieved through fiscal policy.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 29 Fiscal Policy EXAMINATION CORNER [Page 29.14]
Define the following term:
Fiscal deficit
Discuss how equity can be achieved through the fiscal policy.
Explain how stability can be achieved through fiscal policy.
Explain how growth can be achieved through fiscal policy.
Define fiscal policy.
Explain how inflation can be controlled through fiscal measures.
What are direct taxes?
Differentiate between direct and indirect taxes.
Define proportional tax and show it graphically.
Differentiate between progressive taxation and proportional taxation.
Distinguish between regressive tax and degressive tax.
Explain how taxation can be used to reduce inequalities of income.
What is public expenditure?
Distinguish between the following concepts:
Developmental expenditure and non-developmental expenditure.
What is Wagner’s Law?
Differentiate between productive and unproductive debt.
What is meant by ‘deficit financing’?
Discuss any two objectives of fiscal policy in a developing economy.
Highlight two differences between sales tax and income tax.
Distinguish between regressive tax and degressive tax.
Mention two reasons responsible for borrowing by the government.
What role does deficit financing play in promoting economic development?
Is deficit financing inflationary? Give reasons for your answer.
In a situation of income inequality, give two ways in which fiscal policy can be used to bring about equity.
What is public expenditure?
Explain different types of public expenditure.
Explain the importance of public expenditure in a developing economy.
Mention two reasons responsible for borrowing by the government.
Mention any three methods of redemption of public debt.
State two objectives of fiscal policy.
How can fiscal policy control inflation?
How does the fiscal policy of the government control inflation with the following tools public expenditure?
How does the fiscal policy of the government control inflation with the taxation?
Discuss the role of fiscal policy in an underdeveloped economy.
Discuss the role of fiscal policy in the economic development of a country.
Explain how equity can be achieved through fiscal policy.
Explain how stability can be achieved through fiscal policy.
Explain how growth can be achieved through fiscal policy.
What do you understand by fiscal policy?
State and explain instruments of fiscal policy.
Explain how fiscal policy measures can be used to reduce excess demand in an economy.
Solutions for 29: Fiscal Policy
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 29 - Fiscal Policy
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 29 (Fiscal Policy) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 29 Fiscal Policy are Importance of Public Expenditure, Public Debt - Redemption, Deficit Financing, Structure of Public Finance > Public Expenditure, Structure of Public Finance > Public Debt, Structure of Public Finance > Fiscal Policy, Public Finance, Objectives of Fiscal Policy, Instruments of Fiscal Policy - Taxation, Proportional, Progressive and Regressive Taxes, Reasons for Borrowing by the Government, Fiscal Policy in Action, Miscellaneous Objectives of Fiscal Policy, Fiscal Measures for Stabilisation, Methods of Fiscal Policy in Developing Countries, Limitations of Fiscal Policy, Instruments of Fiscal Policy, Structure of Public Finance > Public Revenue, Types of Taxes, Tax Reforms in India.
Using R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC solutions Fiscal Policy exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in R. K. Lekhi and P. K. Dhar Solutions are essential questions that can be asked in the final exam. Maximum CISCE Economics [English] Class 12 ISC students prefer R. K. Lekhi and P. K. Dhar Textbook Solutions to score more in exams.
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