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St. Cecilia's Public School Economics Assignment: Unit IV Class XII 2019-20

This economics assignment from St. Cecilia's Public School contains 6 questions for Class XII students about fiscal and monetary policy. The questions cover using taxes to reduce inequality, distinguishing between revenue and capital budgets, whether fiscal deficits can exist without revenue deficits, classifying direct and indirect taxes, and categorizing receipts and expenditures as revenue or capital along with reasons.

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135 views1 page

St. Cecilia's Public School Economics Assignment: Unit IV Class XII 2019-20

This economics assignment from St. Cecilia's Public School contains 6 questions for Class XII students about fiscal and monetary policy. The questions cover using taxes to reduce inequality, distinguishing between revenue and capital budgets, whether fiscal deficits can exist without revenue deficits, classifying direct and indirect taxes, and categorizing receipts and expenditures as revenue or capital along with reasons.

Uploaded by

kalik goyal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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St.

Cecilia’s Public School


Economics Assignment : Unit IV
Class XII
2019-20
Q1 How can taxes be used for reducing inequalities in income and wealth ? 3
Q2 Distinguish between revenue budget and capital budget. 3
Q3 Can there be fiscal deficit without a revenue deficit ? 3
Q4 Giving reasons, classify the following in to direct and indirect taxes : 4
(i) Income tax (ii) Excise duty
(iii) Wealth tax (iv) Value added tax
Q5 Classify the following into revenue and capital receipts. Give reasons. 4
(i) Loan from the World Bank
(ii) Corporation tax
(iii) Sale of shares of a public sector undertaking
(iv) Dividend received by government
(v) Funds raised by Govt. by issuing National Savings Certificate
Q6 Classify the following into revenue and capital expenditure. Give reasons. 4
(i) Expenditure on subsidies.
(ii) Purchase of shares by the government.
(iii) Interest payment on past loan.
(iv) Salaries paid to government employees

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