WebGovernment budget and economy constitute a significant section for class 12 macroeconomics. It was stated that apart from the private sector, there is government that plays a very important role. An economy with both private sector and government is known as a mixed economy. There are many ways in which the government influences … WebAns. A balanced budget is one in which estimated revenues are equal to estimated expenditure. Q.10. Define a surplus government budget. Ans. A surplus government budget is one in which estimated revenues are more than the estimated expenditure. ADVERTISEMENTS: Q.11. Define a deficit government budget.
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WebApr 13, 2024 · Chapter 5 Government Budget and Economy Economics Case study with Answers Class 12 Case Based Questions : Finance Minister Nirmala Sitharaman has pegged fiscal deficit for the coming year 2024-22 at 6.8% of GDP and aims to bring it back below the 4.5% mark by 2025-26. The original fiscal deficit target for 2024-21 was 3.5%. WebEconomics Project for Class 12 The above-provided solutions are considered to be the best solution for ‘Sandeep Garg Macroeconomic Class 12 Solutions Chapter 10: Government Budget and the Economy. Stay tuned to BYJU’S to learn more. Important Topics in Economics: Consumer Protection Act What is Demand? Circular Flow of Income … cursed hunter toh
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WebMar 16, 2024 · 1 It is Prepared on Estimated Basis and not actual basis (As it is about future) 2 It is prepared for 1 year We follow Financial Year (not calendar year) Example- Budget for Financial year 2024-21 means Budget for Period starting 1 Apr 2024 to 31 Mar 2024 3 It is Prepared by all types of Governments Central Govt, State Govt and Municipality WebImportant & Viva Questions for Class 12 Economics CENTRAL BANK AND ITS FUNCTIONS GOVERNMENT BUDGET BALANCE OF PAYMENT NATIONAL INCOME MULTIPLIER POVERTY UNEMPLOYMENT INFRASTRUCTURE HUMAN CAPITAL FORMATION GOODS AND SERVICES TAX Questions on CENTRAL BANK AND ITS … chartridge chesham