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7 April Eco 2

The document is a worksheet for a Senior Secondary Economics lesson on government and the budget, outlining various topics related to government revenue, taxation, expenditure, and budgetary policy. It includes questions on sources of revenue, tax structures, revenue and capital expenditure, fiscal measures, and budget deficits. The worksheet aims to facilitate understanding of the government's financial operations and their impact on the economy.

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6 views1 page

7 April Eco 2

The document is a worksheet for a Senior Secondary Economics lesson on government and the budget, outlining various topics related to government revenue, taxation, expenditure, and budgetary policy. It includes questions on sources of revenue, tax structures, revenue and capital expenditure, fiscal measures, and budget deficits. The worksheet aims to facilitate understanding of the government's financial operations and their impact on the economy.

Uploaded by

pandeyhariom206
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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NIOS/Acads/318/Worksheet/29

National Institute of Open Schooling


Senior Secondary - Economics(318)
Lesson 29 : Government and the budget
Work Sheet : 29

1. “Government needs collection of revenue to run proper administration in the


country”. Taking this statement into consideration, identify various sources of revenue
generated by the government.
2. “The payment of tax is compulsory and legal liability of the common people in a
country. Taking the statement into account, discuss the structure of taxes in India.
3. “Revenue expenditure made by the government neither creates liability nor reduce
assets in the economy”. Support the statement it with suitable illustration.
4. “We know the fact that capital expenditure either create assets or reduces liability of
the economy”. In the light of the statement identify the various components of capital
expenditure and discuss the relevance of the statement.
5. The economic development of a country depends on pre-determined appropriate
objectives of budget structure. Explain various objectives in the favour of the
statement.
6. Fiscal measures like public expenditure, taxation public borrowings, deficit financing
constitutes the basis for formulating budgetary policy. Discuss these measures in the
context of budgetary policy.
7. The taxation policy of Government of India plays an important role to reduce the
extent of inequality in our economy. Justify the statement with suitable illustration.
8. Capital receipts of the government create liabilities or reduces assets. On the basis of
the statement list out and explain various sources of capital receipts.
9. Right from the introduction of budgetary policy of the government it has been
observed that the policy has always shown deficit trend in the economy. On the basis
of the information mention the types of budget deficit and also suggest three sources
through which government can finance the deficit.
10. Refer question to 2. Distinguish between direct tax and indirect tax.

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