case study on government budget class 12

Important Questions Class 12. Please refer to Case Study Chapter 5 Government Budget and Economy with answers provided below. These case study based questions are expected to come in the upcoming Class 12 Economics examinations.

NCERT Solutions for Class 12 Macroeconomics Chapter 5 Case Study Questions in English Medium updated for session 2024-25. Case based questions of Class 12 Economics chapter 5 Government Budget and the Economy are given here with Case Study MCQ to get more practice in Case Studies.

12 Economics Case Study Questions. CBSE introduced case-based questions for class 12 in the year 2021-22 to enhance critical thinking in students. CBSE introduced a few changes in the question paper pattern to enhance and develop analytical and reasoning skills among students.

DEFINITION: The budget is a financial plan of the Government for a definite period. A budget is a document containing a preliminary approved plan of public revenues and expenditure. The government budget is an annual statement showing item-wise estimates of receipts and expenditures during a fiscal year.

Class 12 Economics students should refer to the following value based questions with answers for Part B Macroeconomics Chapter 5 Government Budget and The Economy in Class 12. These VBQ questions with answers for Class 12 Economics will come in exams and help you to score good marks.

Introduction. This is a descriptive chapter on government budget of Indian economy, wherein its objectives, importance, types, components, budget deficits and its types (Revenue, Fiscal, Primary Deficit) and their implications are studied. Chapter at a Glance. Government Budget And Its Related Concepts. 1.

Download Government Budget and the Economy CBSE Class 12 Macro Economics Chapter 5 notes PDF for free. Secure good marks by referring NCERT Class 12 Government Budget and the Economy revision notes prepared by Vedantu experts.

According to the chapter on Government Budget and the Economy class 12, we can bifurcate the government budget into 3 major types: Balanced Budget: when estimated receipts are equal to the government estimated expenditures. Surplus Budget: when government estimated receipts are shown more than the government estimated expenditures.

A government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year. Just like your household budget, the government also has a budget of its income and expenditure.

In the government budget and the economy class 12 notes, we will study the concept of public and private goods. Also, we will learn the concept of allocation and distribution function. Then, we will learn the differences between public and private goods.