Fiscal Economics Three Marks Questions

12th Standard EM

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. Describe Canons of Taxation.

  2. Mention any three similarities between public finance and private finance.

  3. What are the functions of a modern state?

  4. State any three characteristics of taxation.

  5. Point out any three differences between direct tax and indirect tax.

  6. What is primary deficit?

  7. Mention any three methods of redemption of public debt.

  8. Draw the flow chart depicting components of budget

  9. Explain the balanced and unbalanced Bidget

  10. What are the main elements of a budget?

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