Commerce Aspirant

Question 9. Distinguish between Direct Tax and Indirect Tax 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.9 Distinguish between Direct Tax and Indirect Tax. Solution:- Basis Direct Taxes Indirect Taxes Levy Direct taxes are levied … Read more

Question 8. Define tax revenue. What are the two kinds of tax revenues? Give two examples 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.8 Define tax revenue. What are the two kinds of … Read more

Question 7. What are the two broad divisions of receipts of the government budget? Name two sources of each kind of receipt. 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.7 What are the two broad … Read more

Question 6. What is a government budget? Give the meaning of: (a) Revenue deficit; (b) 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 – Short Questions – Q.6 What is a government budget? Give the meaning of: (a) … Read more

Question 5. What is a government budget? Name two sources each of non-tax 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.5 What is a government budget? Name two sources each … Read more

Question 4. Explain the ‘allocation of resources’ objective of 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 – Short Questions – Q.4 Explain the ‘allocation of resources’ objective of Government budget. “OR” Elaborate the objective of ‘reallocation of … Read more

Question 3. How can a government budget help in reducing inequalities reducing inequalities of income? Explain. 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.3 How can a government budget help in reducing inequalities reducing inequalities of … Read more

Question 2. Explain objective of stability of prices of 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 – Short Questions – Q.2 Explain objective of stability of prices of government budget “OR” Explain the economic stability objective of … Read more

Question 1. State three 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 – Short Questions – Q.1 State three objectives of a government budget Solution:- Reducing Inequalities in Income: – Government through its budget seeks … Read more

Question 6. Distinguish between consumer goods and capital goods. Class  Class 12 Subject Economics (Macroeconomics) Category Class 12 Economics Solutions Sandeep garg Q.6 Distinguish between consumer goods and capital goods. Which of these are final goods? Solution:- BASIS CONSUMER GOODS CAPITAL GOODS Human Wants They satisfy human wants directly. They satisfy human wants indirectly. Production … Read more