Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board.
Chapter 8 : Public Finance in India with solutions
Q.1. Choose the correct option
Q.2. Choose the correct option
Q.3.Distinguish between the following concept
1. Public finance and Private finance.
2. Internal debt and External debt.
3. Developmental expenditure and Non-developmental expenditure.
4. Special assessment and Special levy.
5. Direct tax and Indirect tax.
Q.4.State with reason whether you agree or disagree with the following statement:
1. Obligatory function is the only function of the Government.
2. Fines and penalties are a major source of revenue for the Government.
3. The goods and services tax (GST) has replaced almost all indirect taxes in India.
4. Democratic Governments do not lead to increase in public expenditure.
5. Public finance is more elastic than private finance.
Q.5. Read the given passage and answer the questions:
Q.6. Write answers in ‘one’ or ‘two’ paras each :
1. Explain the types of Government budget.
2. State the importance of the Government budget.
3. Explain the principles of taxation.
4. Explain non-tax sources of revenue of the Government.
Q.7. Answer in detail:
1. Explain various reasons for the growth of public expenditure
