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Fiscal Economics - Two Marks Study Materials

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. Define public finance.

  2. What is public revenue?

  3. Differentiate tax and fee.

  4. Write a short note on zero based budget.

  5. Give two examples for direct tax.

  6. What are the components of GST?

  7. What do you mean by public debt?

  8. What are the two kinds of taxes?

  9. What the term ‘fiscal economics’ means?

  10. Explain the role of “Social Justice” of a state.

  11. How do you classify the state roles?

  12. Write the meaning of Tax in the words of Dalton

  13. What is Repudiation?

  14. List the major types of budget deficits.

  15. What happens to the deficit, when government spending is increased?

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