R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 30 - Budget [Latest edition]

Give the origin of budget.

What does 'Bougett' refer to?

Define the following concept:

Budget

Point out any one feature Budget.

What is Revenue of Budget?

What is a capital budget?

What is administrative budget?

What is a cash budget?

Explain executive budget.

Explain ordinary budget.

What is emergency budget?

What is deficit budget?

Explain surplus budget.

What is meant by balanced budget?

What is development budget?

Explain non-development budget.

Give any one merit of balanced budget.

Point out any one demerit of balanced budget.

What is unbalanced (Deficit) budget?

Mention any one merit of unbalanced budget.

Give any one demerit of unbalanced budget.

Explain surplus budget.

What do you mean by zero based budgeting?

State any two features of zero based budgeting.

Give any two benefits of zero base budgeting.

What is public revenue?

Define a tax.

Give two main features of a tax.

What is direct tax?

Define Indirect tax

What is public expenditure?

Define or explain the concept of deficit budget.

Explain 'Revenue Deficit in a Government budget? What does it indicate?

Explain the meaning of fiscal deficit.

What is the primary deficit?

Give any one significance of budget.

Define or Explain.

Budget 

Explain the need of government budget.

State the importance of the government budget.

Discuss four issues that highlight the need and importance of central budget.

What is a Budget?

Discuss about the types of budget found in India.

Explain four important features of a government budget. 

What a surplus budget?

Critically examine modern classification of a budget.

Explain the following:

Economic and functioning classification of budget.

Explain the following:

Planning and programme budget

Explain the following:

Performance programme budget

Explain the following:

Planning and programme budget

What is the difference between a plan budget and a performance budget?

Explain zero base budgeting.

Give characteristics and mechanisms of zero base budgeting.

Evaluate zero base budgeting in India.

Distinguish between balanced and unbalanced budget.

Give any one merit of balanced budget.

Point out any one demerit of balanced budget.

Mention any one merit of unbalanced budget.

Give any one demerit of unbalanced budget.

What a surplus budget?

Distinguish between traditional budgeting and zero based budgeting.

Explain following concept in your own words

Budget Deficit

Explain the following concept in your own words.

Revenue Budget

Explain the meaning of fiscal deficit.

What is the primary deficit?

Explain budget deficits with the help of an example.

Briefly review constituents of the budget.

Explain public revenue in detail, giving examples.

What a surplus budget?

Distinguish between revenue budget and capital budget.

What is the difference between a plan budget and a performance budget?

Explain the need of government budget.

Explain briefly various steps involved in the budgetary procedure.

Discuss briefly how the parliament controls budget finances.

Distinguish between the Union budget and State budget.

What do you mean by zero based budgeting?

What is meant by balanced budget?

What is meant by revenue deficit?

Explain the implications of a revenue deficit.

What is a vote-on-account budget?

Explain four important features of a government budget. 

What is a performance budget?

Differentiate between revenue and capital expenditure. (Three points)

Explain the major components of government budget.

Distinguish between revenue deficit, fiscal deficit and primary deficit. 

Explain the implications of a revenue deficit.

Explain one implication of fiscal deficit.

What are implications of primary deficit on the economy?

Explain briefly various steps involved in the budgetary procedure.

How does the parliament control budget finances?

Highlight two differences between sales tax and income tax.

Explain four ways of redemption of public debt.

Define fiscal deficit.

Define primary deficit.

Define revenue deficit.

Explain one implication of fiscal deficit.

What are implications of primary deficit on the economy?

Explain the implications of a revenue deficit.

‘Public expenditure helps in increasing production of an economy.’ In this context, discuss any two points of importance of public expenditure.

What is a budget line?

Explain the following methods of debt redemption:

Refunding

Explain the following method of debt redemption:

Debt conversion

What is meant by budget of the government?

Differentiate between revenue and capital expenditure. (Three points)

Distinguish between revenue deficit and fiscal deficit.

Define Indirect tax

Give any five points of difference between direct and indirect tax.

Define deficit financing.

What is direct tax?