Class: 12 || Subject: Economics-II || Chapter: 11 Government Finance
Long answer questions
- Explain the process of budget formulation. [10]
- What is indirect tax? What are its merits and demerits? [2+8]
- What is government expenditure? What is its importance in the economy? [5+5]
- What is budget? Explain the process of budget formulation. [10]
- What is direct tax? Mention its advantages and disadvantages. [2+8]
- What is indirect tax? Mentions its advantages and disadvantage. [2+8]
- What is government expenditure? Explain the importance of government expenditure. [2+8]
- Explain the characteristics of good tax systems. [10]
- What are the features of direct and indirect taxes? [10]
Short answer questions
- Explain the merits of direct tax. [5]
- Explain the sources of public borrowing. [5]
- Explain the characteristics of a good tax system. [5]
- Describe about the proportional tax system. [5]
- Explain the concept of government expenditure. [5]
- Explain the process of formulations of government budget. [5]
- Explain the progressive tax system. [5]
- Mention the sources of government revenue. [5]
- What are the advantages of direct tax? [5]
- Why is government expenditure important? [5]
- What is direct tax? Describe its merits and demerits. [5]
Very short answer questions
- What is progressive tax? [2]
- What the sources of non-tax revenue? [2]
- Define direct tax. [2]
- What is budget? [2]
- What are the sources of government borrowing? [2]
- What are the internal sources of public borrowing? [2]
- Mention four advantages of direct tax. [2]
- Define proportional tax. [2]
- Mentions the steps of budget formulation. [2]
- What are the internal and external sources of government borrowing? [2]
- Distinguish between public finance and private finance. [2]
- Give any four different cannons of taxation. [2]
Write short notes on:
- Sources of public borrowing. [5]
- Characteristics of good tax system. [5]
- Progressive tax [5]
- Process of budget formulation [5]
- Tax and non-tax sources of government revenue [5]
- Deficit financing [5]
- Direct and indirect tax [5]
- Concept of internal and external borrowing [5]
- Sources of government revenue [5]
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