Sandeep Garg Macroeconomics Class 12 Solutions

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

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