Samacheer Kalvi 12th Economics – Chapter 9: Fiscal Economics Book Back Answers

Samacheer Kalvi 12th Standard New Economics Book Back 1 Mark and 2 Mark Questions with Answers PDF uploaded and available below. Tamil Nadu Class 12 New Syllabus Economics Chapter 9 – Fiscal Economics Book Back Solutions 2022 available for English medium students. TN Samacheer Kalvi 12th Std Economics Book Portion consists of 12 chapters. Check chapter-wise and Full Class 12th Economics Book Back Answers/ Guide 2022 PDF format for free download. 12th Economics Chapter 9 – Fiscal Economics Book Back Answers below:

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English Medium 12th Samacheer Kalvi Economics Book Subject One Mark, Two Mark Guide questions and answers are available below. Take the printout and use it for exam purposes.

12th Economics – Chapter 9: Fiscal Economics Book Back Answers

1. The modern state is
a) Laissez-faire state  b) Aristocratic state  c) Welfare state  d) Police state

2. One of the following is NOT a feature of private finance
a) Balancing of income and expenditure   b) Secrecy   c) Saving some part of income  d) Publicity

3. The tax possesses the following characteristics
a) Compulsory  b) No quid pro quo  c) Failure to pay is offense d) All the above

4. Which of the following canons of taxation was not listed by Adam smith?
a) Canon of equality  b) Canon of certainty  c) Canon of convenience  d) Canon of simplicity

5. Consider the following statements and identify the correct ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.

ii. The Constitution also provides for transferring certain tax revenues from union list to states.
a) i only   b) ii only  c) both   d) none

6. GST is equivalence of
a) Sales tax   b) Corporation tax   c) Income tax  d) Local tax

7. The direct tax has the following merits except
a) equity   b) convenient  c) certainty  d) civic consciousness

8. Which of the following is a direct tax?
a) Excise duty  b) Income tax  c) Customs dut  d) Service tax

9. Which of the following is not a tax under Union list?
a) Personal Income Tax  b) Corporation Tax  c) Agricultural Income Tax  d) Excise duty

10. “Revenue Receipts” of the Government do not include
a) Interest   b) Profits and dividents   c) Recoveries and loans   d) Rent from property

11. The difference between revenue  expenditure and revenue receipts is ______.
a. Revenue deficit  b. Fiscal deficit  c. Budget deficit  d. Primary deficit

12. The difference between total expenditure and total receipts  including loans and other liabilities is  called ____.
a. Fiscal deficit  b. Budget deficit   c. Primary deficit  d. Revenue deficit

13.The primary purpose of deficit financing is ______.
a) Economic development   b) Economic stability  c) Economic equality  d) Employment generation

14. Deficit budget means ______.
a) An excess of government’s revenue  over expenditure  b) An excess of government’s current expenditure over its current  revenue
c) An excess of government’s total expenditure over its total revenue  d) None of above

15. Methods of repayment of public debt is
a) Conversion  b) Sinking fund  c) Funded debt  d) All of these

16. Conversion of public debt means exchange of
a) new bonds for the old ones  b) low interest bonds for higher  interest bonds
c) Long term bonds for short term bonds   d) All the above

17. The word budget has been derived  from the French word “bougette”  which means
a) A small bag   b) An empty box   c) A box with papers   d) None of the above

18. Which one of the following deficits does not consider borrowing as a  receipt?
a) Revenue deficit  b) Budgetary deficit  c) Fiscal deficit  d) Primary deficit

19. Finance Commission determines
a) The finances of Government of  India      b) The resources transfer to the states
c) The resources transfer to the various departments   d) None of the above

20. Consider the following statements and identify the right ones.
i. The finance commission is appointed by the President
ii. The tenure of Finance commission is five years
a) i only    b) ii only   c) both   d) none

Other Important Links for 12th Samacheer Kalvi Book Back:

For Chapter 10 Environmental Economics Book Back Click Here – Chapter 10 Environmental Economics Book Back 

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