InstaQB

Home
Institutions
- Institutions
  
  Polytechnic Colleges
  
  Medical Colleges
  
  Arts & Science Colleges
  
  Universities
  
  Engineering Colleges
  
  Agricultural Colleges
  
  Research Institute
  
  Law Colleges
  
  Audiology and Speech Colleges
  
  Business & Management colleges
  
  Nursing colleges
  
  Hotel Management institutes
  
  Aeronautical Colleges
  
  Bachelor's Degree
Syllabus
Courses
Stateboard
- 12th Standard English Medium
  
  Maths
  
  Physics
  
  Chemistry
  
  Biology
  
  Computer Science
  
  Business Maths
  
  Economics
  
  Commerce
  
  Accountancy
  
  History
  
  Computer Applications
  
  Computer Technology
  12th Standard Tamil Medium
  
  உயிரியல்
  
  கணினி பயன்பாடுகள்
  
  கணினி அறிவியல்
  
  வணிகக் கணிதம்
  
  வணிகவியல்
  
  பொருளியல்
  
  கணிதவியல்
  
  வேதியியல்
  
  இயற்பியல்
  
  கணினி தொழில்நுட்பம்
  
  வரலாறு
  
  கணக்குப்பதிவியல்
  11th Standard English Medium
  
  Maths
  
  Commerce
  
  Economics
  
  Biology
  
  Business Maths
  
  Accountancy
  
  Computer Science
  
  Physics
  
  Chemistry
  
  Computer Applications
  
  History
  
  Computer Technology
  
  Bio - Zoology
  11th Standard Tamil Medium
  
  கணிதவியல்
  
  உயிரியல்
  
  பொருளியல்
  
  இயற்பியல்
  
  வேதியியல்
  
  வணிகக் கணிதம்
  
  கணினி அறிவியல்
  
  கணக்குப்பதிவியல்
  
  வணிகவியல்
  
  கணினி பயன்பாடுகள்
  10th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  9th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  8th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  7th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
ICSE/ISC
- Class XII
  
  Mathematics
  
  Physics
  
  Accountancy
  
  Biology
  
  History
  
  Geography
  
  Psychology
  
  chemistry
  
  Economics
  
  Computer Science
  
  Political Science
  
  Business Studies
  Class XI
  
  Accountancy
  
  Chemistry
  
  Mathematics
  
  Biology
  
  Geography
  
  Physics
  
  History
CBSE
- 12Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Geography
  
  Socialogy
  
  Business Studies
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  
  Home Science
  11Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Socialogy
  
  Business Studies
  
  Geography
  
  Home Science
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  10Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  Mathematics
  
  Economics
  
  Geography
  
  History & Civics
  
  Computer Application
  9Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  mathematics
  
  Computer Application
  
  Economics
  
  Geography
  
  History & Civics

12th Economics Monthly Test - 2 ( Fiscal Economics )

St. Britto Hr. Sec. School - Madurai

12th Economics Monthly Test - 2 ( Fiscal Economics )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Match the correct codes

1 A fee i Charged by public authorities for rendering a service to the citizens

2 A fine ii A penalty imposed on an individual for violation of law

3 Earnings from Public Enterprises iii The Government also gets revenue by way of surplus from public enterprises

4 A grant iv One government to another is an important source of revenue

(1) – (i) (2) – (ii) (3) – (iv) (4) – (iii)
(1) – (ii) (2) – (iii) (3) – (iv) (4) – (i)
(1) – (iv) (2) – (iii) (3) – (i) (4) – (ii)
(1) – (i) (2) – (ii) (3) – (iii) (4) – (iv)

Which one of the following deficits does not consider borrowing as a receipt?

Revenue deficit
Budgetary deficit
Fiscal deficit
Primary deficit

There are ……………… enumerated in the Seventh Schedule of constitution

two lists
five lists
three lists
78 lists

In India, there are more than ………….. above one million population.

45 cities
54 towns
54 cities
45 towns

…………in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition

Goods & Services Tax
Professional Tax
Corporation Tax
Income Tax

Income tax satisfies the canon of …………….?

equity
equality
economy
efficiency

Deficit Budget means

An excess of government's revenue over expenditure
An excess of government's current expenditure over its current revenue
An excess of government's total expenditure over its total revenue
None of above

A Finance Commission is set up once in every …………..?

6 years
1 year
5 years
3 years

In India, the ………………………..is also known as ‘Outcome Budget’.

Provisional Budget
Programme Budget
Performance Budget
Zero based Budget

The term fiscal is derived from Greek word which means basket and symbolizes the………………?

public purse
tax
fees
public revenue

What is the formula for calculating the Fiscal deficit (FD)?

Budget deficit + Government’s market borrowings and liabilities
Net Revenue Expenditure (NE) - Total Revenue Receipts (RR)
Total Revenue Expenditure (RE) - Net Revenue Receipts (NR)
Total Expenditure – Total Revenue

Tax revenue deals with the

Fees
Kinds of taxes
Revenue
Non tax revenue

……………….consists of 61 subjects of local interest such as Public Health, Police etc?

Central List
Union List
Concurrent List
The State List

Assertion (A): The state intervenes through control of monopolies and restrictive trade practices to curb concentration of economic power.
Reason (R): Concentration of economic power is another evil to be corrected by the Government

Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.

Find the meaning of following statement. “It involves fresh evaluation of expenditure in the Government budget, assuming it as a new item.”

Lame duck budget
Vote on account budget
Unbalanced budget
Zero-Base-Budgeting

Part - B

Generic 2 - Answer All Question

What is Vote - on – Account Budget?

What are Sale Taxes?

Write a short note on Non-Tax Revenue.

Mention the types of Unbalanced budget

List the classification on the Basis of Function about public expediture.
Write any two sources of revenue of corporations.

What are the dissimilarities between private and public finance?

What is Federal Finance?

Part - C

Generic 3 - Answer All Question

What is primary deficit?

Write any six principles of Federal Finance.

Draw the diagram from the functions of modern state.

State any three characteristics of taxation.

Mention the Sources of revenue of municipalities.

What are the main elements of a budget?

Discuss the division of power in federal finance.
Present the flow chart depicting the process in the preparation of the budget

Part - D

Generic 5 - Answer All Question

numerate the factors are taken into account while preparing the budget

Bring out the merits of indirect taxes over direct taxes.

List the Revenue of State Sources

Explain the scope of public finance.

Write a note on Indian Finance Commission.
What are the advantages of GST?

Comment

Add Comment

Tamilnadu Stateboardszs - Class