Government Budget and the Economy · Class 12 Macroeconomics · Chapter 5
💰 Government Budget and the Economy
CBSE Class 12 Humanities & Commerce · Macroeconomics · Chapter 1
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📖Notes Deck
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Download PDF →Top question patterns · CBSE annual / SQP aggregate
| 95% | Calculate fiscal/revenue/primary deficit from a data table — List totals first; apply formulas top-down; ALWAYS verify FD = T.Exp − (T.Rec − Borrowings); show units (₹ cr). | 6 MARKS |
| 88% | Classify receipt as revenue or capital with reason — Apply two-part test: does it create a liability OR reduce an asset? If yes → capital. State the test in your reason. | 3 MARKS |
| 76% | Three objectives of budget (allocation/redistribution/stabilisation) — Name + one-line definition + one example per objective. Use PDS / PM-KISAN as redistribution example. | 4 MARKS |
| 64% | Direct vs indirect tax — meaning + 2 examples each + 1 distinction — Distinction = incidence shifts in indirect tax; doesn't in direct tax. Two columns format scores full marks. | 3 MARKS |
| 58% | Implications of high fiscal deficit — Three implications: debt trap (compounding interest), inflation (monetisation), crowding-out of private investment. One sentence each. | 4 MARKS |
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