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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 30 - Budget - 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 30 - Budget")
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Solutions for Chapter 30: Budget
Below listed, you can find solutions for Chapter 30 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 30 Budget TEST QUESTIONS [Pages 30.27 - 30.30]
SHORT ANSWER QUESTIONS
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.
LONG ANSWER QUESTIONS
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.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 30 Budget EXAMINATION CORNER [Pages 30.30 - 30.31]
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?
Solutions for 30: Budget
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 30 - Budget
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 30 (Budget) 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 30 Budget are Government Budget, Classification of Budget Receipts, Balanced Budget Vs Unbalanced Budget, Budgetary Procedure, Need and Importance of Government Budget, Budget, Modern Classification of Budget, Zero-Base Budgeting (ZBB), Zero-Base Budgeting in India, Concepts Related to Budget Deficits, Structure of Public Finance > Public Expenditure, Public Revenue > Non-tax Revenue, Capital Receipts, Objectives of Budget, Significance of Budget, Types of budget deficit, Types of Budget, Types of Government Budget in India, Components (Structure) of the Government Budget, Constituents of budget /Structure of the budget, Revenue Expenditure and Capital Expenditure, Developmental and Non-developmental Expenditure, Tax Revenue.
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