Advertisements
Online Mock Tests
Chapters
2: Consumer's Behavior
3: Demand Analysis
4: Elasticity of Demand
5: Producer's Behaviour
6: Forms of Market and Price Determination Under Perfect Competition
7: Factors of Production
8: Introduction to Macro Economics
9: National Income
10: Determinants of Aggregates
11: Money
12: Commercial Banking
13: Central Banking
▶ 14: Public Economics
![Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 14 - Public Economics - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 14 - Public Economics")
Advertisements
Solutions for Chapter 14: Public Economics
Below listed, you can find solutions for Chapter 14 of Maharashtra State Board Micheal Vaz for Economics [English] 12 Standard HSC.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 1 [Page 129]
Fill in the blank with appropriate alternatives given below:
The term budget is derived from __________ word Bougette
Latin
French
Germen
Greek
Fill in the blank with appropriate alternatives given below
__________ is an example of direct tax.
Excise duty
Wealth tax
Sales tax
Gifts
Fill in the blank with appropriate alternatives given below
When Government revenue exceeds, government expenditure it is known as __________ budget.
surplus
balanced
deficit
unbalanced
Fill in the blank with appropriate alternatives given below
During depression, __________ budget is preferable.
balanced
surplus
deficit
zero
Match the following groups:
| Group A | Group B | ||
| 1. | Deficit budget | a. | Tax revenue |
| 2. | Government budget | b. | Capital receipts |
| 3. | Fees, license fee | c. | Irrigation |
| 4. | Borrowings | d. | Non-tax revenue |
| 5. | Plan expenditure | e. | One year |
| f. | Government expenditure > Government revenue | ||
| g. |
Two years |
||
State whether the following statement is true or false.
The budget is a monthly statement.
True
False
State whether the following statement is true or false.
Fiscal policy is related to public revenue and public expenditure.
True
False
State whether the following statement is true or false.
Indirect taxes are paid directly by people to the government.
True
False
State whether the following statement is true or false.
Financial year in India is from 1st March to 28th February.
True
False
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 2 [Page 129]
Define or Explain.
Fine and Penalty
Define or Explain.
Budget
Define or Explain.
Plan expenditure
Define or Explain.
Recovery of Debt
Give reason of Explain the statement
Income collected from tax is a main source of government revenue.
Give reason of Explain the statement
Revenue receipts and Revenue expenditure is known as Revenue Budget.
Give reason of Explain the statement
Government revenue is more than government expenditure.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 3 [Page 129]
Distinguish between:
Revenue budget and capital budget
Distinguish between:
Direct tax and indirect tax
Distinguish between:
Deficit budget and balanced budget
Write short note on:
Capital expenditure
Write short note on:
Revenue receipts
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 4 [Page 130]
Answer the following question
What are the main components of budget?
Answer the following question
What are the source of non-tax revenue?
Answer the following question
Explain the government’s development and non development expenditure.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 5 [Page 130]
State with reason whether you agree or disagree with the following statement.
Capital budget consists of revenue receipts and revenue expenditure.
State with reason whether you agree or disagree with the following statement.
When government expenditure is greater than government revenue, it is called Surplus Budget.
State with reason whether you agree or disagree with the following statement.
During the period of inflation, Surplus Budget is advisable.
Micheal Vaz solutions for Economics [English] 12 Standard HSC 14 Public Economics Exercise 6 [Page 130]
Answer in detail :
Explain the concept of Balanced Budget.
Answer in detail:
Explain capital receipts and capital expenditure as a part of Capital Budget.
Solutions for 14: Public Economics
Micheal Vaz solutions for Economics [English] 12 Standard HSC chapter 14 - Public Economics
Shaalaa.com has the Maharashtra State Board Mathematics Economics [English] 12 Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Micheal Vaz solutions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board 14 (Public Economics) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Micheal Vaz textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Economics [English] 12 Standard HSC chapter 14 Public Economics are Introduction of Public Economics, Features of Public Economics, Meaning of Government Budget, Objectives of Government Budget, Features of Government Budget, Public Economics - Budget (1 Year)(1 April to 31 March), Types of Budget, Taxable Income, Budgetary Accounting in India, Budgetary Accounting - Consolidated , Contingency and Public Fund, Components of Budget, Factor Influencing Government Budget.
Using Micheal Vaz Economics [English] 12 Standard HSC solutions Public Economics exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Micheal Vaz Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Economics [English] 12 Standard HSC students prefer Micheal Vaz Textbook Solutions to score more in exams.
Get the free view of Chapter 14, Public Economics Economics [English] 12 Standard HSC additional questions for Mathematics Economics [English] 12 Standard HSC Maharashtra State Board, and you can use Shaalaa.com to keep it handy for your exam preparation.
