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Question 7. Distinguish between the following (a) Revenue receipts and Capital receipts (b) Revenue deficit and Fiscal deficit Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.7 Distinguish between the following (a) Revenue receipts and Capital … Read more

Question 6. Distinguish between: (a) Direct Tax and Indirect tax (b) Primary deficit and Revenue deficit Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.6 Distinguish between: (a) Direct Tax and Indirect tax (b) Primary deficit … Read more

Question 5. Discuss the meaning of following deficits: (i) Revenue Deficit; (ii) Fiscal Deficit; and (iii) Primary Deficit. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.5 Discuss the meaning of following deficits: (i) Revenue Deficit; … Read more

Question 4. What is the meaning of revenue receipts? What are the two main sources of revenue receipts? Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.4 What is the meaning of revenue receipts? What are the … Read more

Question 3. What is meant by budget expenditure? Distinguish between revenue expenditure and capital expenditure. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.3 What is meant by budget expenditure? Distinguish between revenue expenditure and capital … Read more

Question 2. What is meant by non-tax revenue? Explain the different sources of non-tax revenue Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.2 What is meant by non-tax revenue? Explain the different sources of non-tax revenue … Read more

Question 1. Define Government budget. Explain the various objectives of a government budget. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Long Questions – Q.1 Define Government budget. Explain the various objectives of a government budget. Solution:- Government Budget … Read more

Question 12. Give meanings of Capital receipts and Revenue receipts with an example of each. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions – Q.12 Give meanings of Capital receipts and Revenue receipts with an example of … Read more

Question 11. Distinguish between revenue receipts and capital receipts. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions – Q.11 Distinguish between revenue receipts and capital receipts. “OR” Distinguish between ‘revenue receipt and ‘capital receipt and give two … Read more

Question 10. Explain with the help of suitable examples the basis of classifying taxes into direct and indirect taxes Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep Garg Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions – Q.10 Explain with the help of suitable examples the … Read more