Government Budget
Government Budget: Overview
This topic covers concepts, such as, Government Deficit, Stabilisation Function of Government Budget, Private Good and Allocation Function of Government Budget etc.
Important Questions on Government Budget
Taxation is an effective tool to reduce the inequalities of income. Justify the given statement with valid reasons.
Define the term 'tax'.
Explain how government budget can be used to influence distribution of income?
The non-tax revenue in the following is:
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
(b) State any two items of revenue expenditure in a Government budget.
Explain the distinction between Revenue Receipts and Capital Receipts in a government budget. Give their components.
Explain:
(a) Allocation of Resources; and
(b) Economic Stability as objectives of Government Budget.
What is government budget? Explain its major components.
What is the difference between revenue expenditure and capital expenditure? Explain how taxes and government expenditure can be used to influence the distribution of income in the society.
Explain the basis of classifying taxes into direct and indirect tax. Give two examples of each.
Define revenue receipts in a government budget. Explain how the government budget can be used to bring in price stability in the economy.
Explain the budgetary measures for achieving the following objectives:
(i) Setting up of production units in backward regions;
(ii) Reducing inequalities of income and wealth.
What is the difference between direct tax and indirect tax? Explain the role of government budget in influencing allocation of resources.
What is the government budget? Explain how taxes and subsidies can be used to influence the allocation of resources.
Explain the role of the government budget in fighting inflationary and deflationary tendencies.
Explain how the government can use the budgetary policy in reducing inequalities in incomes.
Explain the role the government can play through the budget in influencing the allocation of resources.
Explain the objectives of resource allocation and income distribution in a government budget.
Distinguish between the following:
(a) Revenue receipts and Capital receipts;
