12th Standard Syllabus & Materials

12th Standard

TN 12th Computer Applications மின்னணு தரவு பரிமாற்றம் Sample Question Papers Study Material - QB365 Set A

NEW

12th Standard

TN 12th Computer Applications மின் - வணிக பாதுகாப்பு அமைப்புகள் Sample Question Papers Study Material - QB365 Set A

NEW

12th Standard

TN 12th Computer Applications மின்னணு செலுத்தல் முறைகள் Sample Question Papers Study Material - QB365 Set A

NEW

12th Standard

TN 12th Computer Applications மின் - வணிகம் Sample Question Papers Study Material - QB365 Set A

NEW

12th Standard

TN 12th Computer Applications திறந்த மூல கருத்துருக்கள் Sample Question Papers Study Material - QB365 Set A

NEW

12th Standard

TN 12th Computer Applications வலையமைப்பு வடமிடல் Sample Question Papers Study Material - QB365 Set A

12th Standard Economics English Medium - Fiscal Economics 2 Mark Creative Question Paper and Answer Key 2022 - 2023

Published on: 03/09/2022

QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Economics Subject - Fiscal Economics, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

Take MCQ Economics Test

QB365 Student Learing Managemnet System

Std: 12th Standard - Economics

chapter: - Model Question paper

Visit QB365-SLMS - https://www.qb365.in/slms/ Complete Questions and Answers

Questions:

Generic 2

15 x 2 = 30

What is Surplus budget?

What is Deficit budget?

Write any two types of budget?

What is GST Tax?

What are the Canons of Taxation?

Write a short note on Non-Tax Revenue.

What are the tax revenue sources?

What are the classification of public revenue?

What are the dissimilarities between private and public finance?

10.

What are the subject matter of public finance?

11.

What do you mean by public finance?

12.

What is meant by redemption of public debt?

13.

What is Indirect Tax?

14.

What is Direct Tax?

15.

What is Canons of Taxation?

Visit QB365-SLMS - https://www.qb365.in/slms/

Answers Key:

Generic 2

15 x 2 = 30

The budget is a surplus budget when the estimated revenues of the year are greater than anticipated expenditures.
Governments Estimated revenue > Estimated Government Expenditure.

Deficit budget is one where the estimated government expenditure is more than expected revenue
Government s estimated Revenue < Government's proposed Expenditure.

(i) Revenue budget and Capital budget
(ii) Balance and Unbalanced budget

(i) GST is an indirect tax.
(ii) GST is replaced by indirect taxes in India.

According to Adam smith, there are four canons or maxims of taxation. They are as follows.
(i) Economical
(ii) Equitable
(iii) Convenient
(iv) Certain
(v) Efficient and flexible

The revenue obtained by the government from sources other than tax is called Non-Tax Revenue.
For e.g. Fees, Fine etc.

Tax revenue sources are
(i) Income tax
(ii) Corporate tax
(iii) Sales tax
(iv) Surcharge and
(v) Cess

Public revenue can be classified into two types

(i) Income and expenditure adjustment.
(ii) Borrowing.
(iii) Right to print currency.
(iv) Present vs Future decisions.
(v) Objective.
(vi) Coercion to get revenue.
(vii) Ability to make huge and deliberate changes.

10.

(1) Public Revenue
(2) Public Expenditure
(3) Public Debt.
(4) Financial Administration
(5) Fiscal Policy

11.

Public finance is a study of the financial aspects of government.

12.

(i) The process of repaying a public debt is called redemption.
(ii) The government sells securities to the public and at the time of maturity, the person who holds the security surrenders it to the government.

13.

Indirect Tax:
(i) Indirect tax is a tax charged on a person who purchases the goods and services.
(ii) It is paid indirectly to the government.

14.

Direct Tax:
(i) A direct tax is a tax which levied on person's income and wealth.
(ii) It is paid directly to the government.

15.

(i) The characteristics or qualities which a good tax should possess are described as Canons of taxation.
(ii) Canons refer to the qualities of an isolated tax.
(iii) A good tax system should have a proper combination of all kinds of taxes having different canons.