I.Com part 2 Principles of Economics Chapter 4 Short Question Preparation

12th Class Principles of Economics
Chapter 4

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12th Class Principles of Economics Chapter Wise Preparation

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Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
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Online Short Questions For Chapter 4 "ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation "

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Economics - ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation

Question # 1

Define Public Finance in the words of Prof. Dalton.

Ans 1: Public Finance deals with government's revenue and expenditure and it studies how government maintains balance between its revenue and revenue and expenditure.

Question # 2

What is meant by indirect tax.

Ans 1: Indirect tax means the tax which is not paid from the pocket on when it is levied, Rather the burden of the tax is shifted to another person. For example sale tax custome duty and excise duty etc.

Question # 3

What is meant by Proportional tax.

Ans 1: A tax in which the rate of tax remains the same on every level of income is called proportional tax.

Question # 4

What is meant by surplus budget.

Ans 1: When the revenue of the government is more then its expenditures, thenitis called surplus budget.

Question # 5

Write four difference between public finance and private finance.

Ans 1: 1- Difference in Adjustment of income and expenditure.
Ans 2: 2- Difference in budget period.
Ans 3: 3- Private budget is kept secret while public budget is announced.

Question # 6

What is meant by Fee.

Ans 1: The government provides some direct services to the people nad charges money in return for these services. it is called fee.

Question # 7

Different betwene Fee and Tax.

Ans 1: Fee is the reward of the government's services from which the people are benefited, while the tax payer can not demand for direct personal benefit from the goverenment in return for payment of tax.

Question # 8

Write kind of public budget.

Ans 1: 1- Revenue budget 2- Capital budget

Question # 9

What is meant by direct tax.

Ans 1: Direct tax means the tax which is paid from the pocket of the person on when it is levied. It means the incidence and impact of the tax is one the same person income tax, peoperty tax and wealth tax are the examples of this kind of tax.

Question # 10

What is meant by budget.

Ans 1: Account of income nad expenditure is called budget.

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Prepare Complete Set Wise Questions For Chapter 4 "ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation "

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Set 2

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Set 3

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ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 1

Question # 1

Define Public Finance in the words of Prof. Dalton.

Ans 1: Public Finance deals with government's revenue and expenditure and it studies how government maintains balance between its revenue and revenue and expenditure.

Question # 2

What is meant by indirect tax.

Ans 1: Indirect tax means the tax which is not paid from the pocket on when it is levied, Rather the burden of the tax is shifted to another person. For example sale tax custome duty and excise duty etc.

Question # 3

What is meant by Proportional tax.

Ans 1: A tax in which the rate of tax remains the same on every level of income is called proportional tax.

Question # 4

What is meant by surplus budget.

Ans 1: When the revenue of the government is more then its expenditures, thenitis called surplus budget.

Question # 5

Write four difference between public finance and private finance.

Ans 1: 1- Difference in Adjustment of income and expenditure.
Ans 2: 2- Difference in budget period.
Ans 3: 3- Private budget is kept secret while public budget is announced.

Question # 6

What is meant by Fee.

Ans 1: The government provides some direct services to the people nad charges money in return for these services. it is called fee.

Question # 7

Different betwene Fee and Tax.

Ans 1: Fee is the reward of the government's services from which the people are benefited, while the tax payer can not demand for direct personal benefit from the goverenment in return for payment of tax.

Question # 8

Write kind of public budget.

Ans 1: 1- Revenue budget 2- Capital budget

Question # 9

What is meant by direct tax.

Ans 1: Direct tax means the tax which is paid from the pocket of the person on when it is levied. It means the incidence and impact of the tax is one the same person income tax, peoperty tax and wealth tax are the examples of this kind of tax.

Question # 10

What is meant by budget.

Ans 1: Account of income nad expenditure is called budget.

Submit

ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 2

Question # 1

Define Capital budget.

Ans 1: The capital budget is a budget in which such expnditures ae explained which cause increase in capital goods.

Question # 2

What is meant by surplus budget.

Ans 1: When the revenue of the government is more then its expenditures, thenitis called surplus budget.

Question # 3

Write four points of similarities between public finance and private finance.

Ans 1: 1- Balane between income and expenditure.
Ans 2: 2- Maximum utlization of scarece means.
Ans 3: 3- Need of loans. 4- Increase in income trough investment.

Question # 4

Write four difference between public finance and private finance.

Ans 1: 1- Difference in Adjustment of income and expenditure.
Ans 2: 2- Difference in budget period.
Ans 3: 3- Private budget is kept secret while public budget is announced.

Question # 5

What is meant by indirect tax.

Ans 1: Indirect tax means the tax which is not paid from the pocket on when it is levied, Rather the burden of the tax is shifted to another person. For example sale tax custome duty and excise duty etc.

Question # 6

What is meant by direct tax.

Ans 1: Direct tax means the tax which is paid from the pocket of the person on when it is levied. It means the incidence and impact of the tax is one the same person income tax, peoperty tax and wealth tax are the examples of this kind of tax.

Question # 7

Define Public Finance in the words of Prof. Dalton.

Ans 1: Public Finance deals with government's revenue and expenditure and it studies how government maintains balance between its revenue and revenue and expenditure.

Question # 8

Write four sources of tax revenue of the government.

Ans 1: 1- Custom duty 2- Excise duty 3- Income tax and corporate tax
Ans 2: 4- Sales tax.

Question # 9

What is meant by Regressive tax.

Ans 1: Regressive tax is opposite to progressive tax. The lower income level is the more rate of tax will be and the higher income level is the less rate of tax willbe it means the rate of tax ddecreases witht he increase in income and vice versa.

Question # 10

What is meant by Public Finance.

Ans 1: Public Finance is that branch of economics, which deals with the revenue and expenditures of the government . it studies the resources of government's revenue adn its expenditures.

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ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 3

Question # 1

What is Revenue Budget.

Ans 1: The revenue budget is a budget in which revenue collected from different kinds of taxes is shown.

Question # 2

Write four heads of public expenditure.

Ans 1: 1- Defiance 2- Police 3- Civil administration 4- Courts.

Question # 3

What is meant by budget.

Ans 1: Account of income nad expenditure is called budget.

Question # 4

What is meant by Fee.

Ans 1: The government provides some direct services to the people nad charges money in return for these services. it is called fee.

Question # 5

What is meant by direct tax.

Ans 1: Direct tax means the tax which is paid from the pocket of the person on when it is levied. It means the incidence and impact of the tax is one the same person income tax, peoperty tax and wealth tax are the examples of this kind of tax.

Question # 6

Different betwene Fee and Tax.

Ans 1: Fee is the reward of the government's services from which the people are benefited, while the tax payer can not demand for direct personal benefit from the goverenment in return for payment of tax.

Question # 7

Write four difference between public finance and private finance.

Ans 1: 1- Difference in Adjustment of income and expenditure.
Ans 2: 2- Difference in budget period.
Ans 3: 3- Private budget is kept secret while public budget is announced.

Question # 8

Write four points of similarities between public finance and private finance.

Ans 1: 1- Balane between income and expenditure.
Ans 2: 2- Maximum utlization of scarece means.
Ans 3: 3- Need of loans. 4- Increase in income trough investment.

Question # 9

What are kinds of public expenditures.

Ans 1: 1- Developmentof expnditures 2- Non development expnditues.

Question # 10

Write four sources of non tax revenue of the government.

Ans 1: 1- Fee 2- Price 3- Special assessment 4- Fines

Submit

12th Principles of Economics Chapter 4 Preparation

Short Questions
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I.Com part 2 Principles of Economics Chapter 4 Short Question Preparation

12th Class Principles of EconomicsChapter 4

12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 4 "ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation "

Economics - ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation

Define Public Finance in the words of Prof. Dalton.

What is meant by indirect tax.

What is meant by Proportional tax.

What is meant by surplus budget.

Write four difference between public finance and private finance.

What is meant by Fee.

Different betwene Fee and Tax.

Write kind of public budget.

What is meant by direct tax.

What is meant by budget.

Prepare Complete Set Wise Questions For Chapter 4 "ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation "

Set 1

Set 2

Set 3

ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 1

Define Public Finance in the words of Prof. Dalton.

What is meant by indirect tax.

What is meant by Proportional tax.

What is meant by surplus budget.

Write four difference between public finance and private finance.

What is meant by Fee.

Different betwene Fee and Tax.

Write kind of public budget.

What is meant by direct tax.

What is meant by budget.

ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 2

Define Capital budget.

What is meant by surplus budget.

Write four points of similarities between public finance and private finance.

Write four difference between public finance and private finance.

What is meant by indirect tax.

What is meant by direct tax.

Define Public Finance in the words of Prof. Dalton.

Write four sources of tax revenue of the government.

What is meant by Regressive tax.

What is meant by Public Finance.

ICom Part 2 Principles of Economics Chapter 4 Short Questions Preparation - Set 3

What is Revenue Budget.

Write four heads of public expenditure.

What is meant by budget.

What is meant by Fee.

What is meant by direct tax.

Different betwene Fee and Tax.

Write four difference between public finance and private finance.

Write four points of similarities between public finance and private finance.

What are kinds of public expenditures.

Write four sources of non tax revenue of the government.

12th Principles of Economics Chapter 4 Preparation

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12th Class Principles of Economics
Chapter 4