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प्रश्न
Explain the meaning of Budget set
उत्तर
A budget set refers to attainable bundles of a set of two goods, given the prices of goods
and the income of the consumer.
An equation of the budget set is P1X1 + P2X2 < M.
where
X1 = Quantity of Good-1
X2 = Quantity of Good-2
P1 = Price of Good-1
P2 = Price of Good-2
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संबंधित प्रश्न
Give the equation of Budget Line.
Explain the major components of government budget.
Fill in the blank with proper alternatives given in the bracket:
Budget is the _________________ of the revenue and expenditure of the coming year.
Give reason or explain the following statement:
A dieficit budget nay prove useful during the period of depression.
Fill in the blank using proper alternatives given in the bracket:
During depression .............. budget is preferable.
Write short notes (Any Two)
Revenue Receipts
State whether the following statements are True or False with reasons:
The expenditure is more than income in balanced budget.
Give reasons or explain the following statement:
For the period of inflation surplus budget is prepared.
Write the answers in ‘one’ or ‘two’ paras each:
Explain the types of Government budget.
Fill in the blank with appropriate alternatives given below
When Government revenue exceeds, government expenditure it is known as __________ budget.
State with reason whether you agree or disagree with the following statement.
During the period of inflation, Surplus Budget is advisable.
Surplus budget is that budget where in ______.
Which of the following points relates to surplus budget?
Complete the correlation:
Inflation: Surplus budget : : ______ : Deficit budget
Find the odd word out:
Types of budget:
identify the right group of pairs from the given options.
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
