" /> -->

Fiscal Economics Model Question Paper 1

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. GST is equivalence of

    (a)

    Sales tax

    (b)

    Corporation tax

    (c)

    Income tax

    (d)

    Local tax

  2. Which of the following is a direct tax?

    (a)

    Excise duty

    (b)

    Income tax

    (c)

    Customs duty

    (d)

    Service tax

  3. Methods of repayment of public debt is

    (a)

    Conversion

    (b)

    Sinking fund

    (c)

    Funded debt

    (d)

    All these

  4. Budget estimates are prepared by _____________

    (a)

    Ministry of Finance

    (b)

    Public finance

    (c)

    Public Revenue

    (d)

    All the above

  5. A ________ is a penalty imposed on an individual for violation of law.

    (a)

    Grants

    (b)

    Aids

    (c)

    Fine

    (d)

    fees

  6. 5 x 2 = 10
  7. Define public finance.

  8. Give two examples for direct tax.

  9. What are the components of GST?

  10. What are the Canons of Taxation?

  11. What is GST Tax?

  12. 5 x 3 = 15
  13. Describe Canons of Taxation.

  14. What are the functions of a modern state?

  15. What is primary deficit?

  16. Write any six principles of Federal Finance.

  17. Bring out the sources of revenue of district boards.

  18. 4 x 5 = 20
  19. State and explain instruments of fiscal policy.

  20. Explain the principles of Federal Finance.

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

  22. Write a note on Indian Finance Commission.

*****************************************

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Standard Economics - Fiscal Economics Model Question Paper 1

Write your Comment