Apeejay School ,Pitampura

Economics Assignment

Chapter – Government budget

Class XII
Q1 Categorize the following into revenue and capital receipts (with reason)

a. interest

b. dividend

c. borrowing from World Bank

d. disinvestment

e. sales tax

Q2 Categorize the following into revenue and capital expenditure (with reasons)

a. expenditure on infrastructure

b. expenditure on salaries of govt. school teachers

c. subsidies

d. interest payment

e. repayment of loans

Q3 Differentiate between

a. Revenue and Capital receipts

b. Revenue and Capital expenditure
c. Direct and Indirect taxes

Q4 How can budget influence allocation of resources?

Q5. There is a wide gap between the rich and the poor in the country. What possible steps government

can take through its ‘budget’ to reduce the gap? Explain.

Q6 Covid 19 pandemic has created unemployment in the economy. How can government budget be

helpful in solving this problem?

Q7 Write down features of government budget 2022-23 in the following sectors

a. Tax
b. Education
c. Infrastructure
d. Health

Q8 Calculate Revenue, Fiscal and Primary deficit from budget 2022-23 financial statement.

Q 9 How does government maintain economic stability with the help of budget.

Q 10. Differentiate between private and public goods with example.

Q.No. 11-14 are to be answered on the basis of the following data: (in ₹ Crores)

=
Source: indiabudget.gov.in

11.The percentage change in the Non-Tax Revenue, between 2019-20 (Actual) and 2020- 21(Budgeted
Estimate), taking the 2019-20 as base, would be .
(Fill up the blank with correct alternative)
a) 15.02%
b) 16.20%
c) 17.68%
d) 20.01%

12.Read the following statements carefully and choose the correct alternatives given below:
Statement 1 – Revenue and Capital receipts are increasing but borrowings and other liabilities are
reducing.
Statement 2 – Grants and aid for creation of capital assets decreased from 2019 to 2021
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
13,The value of Primary Deficit for the year 2020-21, would be ₹ crores.
(Fill up the blank with correct alternative))
a) 88134
b) 321581
c) 96133
d) 609219

14.The value of recovery of loans has_ crores between 2019-20 (Actual) and 2020-21 (Budgeted
Estimate). (Fill up the blank with correct alternative)
a) fallen by ₹ 3349
b) risen by ₹ 3349
c) fallen by ₹ 3439
d) risen by ₹ 3439