New ! Economics MCQ Practise Tests



Fiscal Economics 5 Mark Creative Question Paper With Answer Key

12th Standard

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Economics

Time : 02:30:00 Hrs
Total Marks : 75

    5 Marks 

    15 x 5 = 75
  1. Describe the various types of deficit in budget.

  2. What are the advantages of GST?

  3. What are the causes for the increase in public debt?

  4. Explain the classification of public expenditure.

  5. Explain the Non-Tax Revenue of a state.

  6. List the Revenue of Union Sources.

  7. List the Revenue of State Sources.

  8. Distinguish between Balanced and Unbalanced Budget.

  9. State and explain types of budget.

  10. numerate the factors are taken into account while preparing the budget

  11. Write a note on Indian Finance Commission.

  12. What are the taxes levied and collected by the union but assigned to the states?

  13. Distinguish between Balanced and Unbalanced Budget.

  14. What are the non tax revenue sources?

  15. What are the merits and demerits of direct taxes?

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