Macro: Government Budget: Class 12 Previous Year Questions

Macro: Government Budget questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. Calculate compensation of employees from the data given below : 3 S. No. Particulars Amount (in ` crore) (i) Interest 45 (ii) Profits after tax 20 (iii) Consumption of fixed capital 50 (iv) Gross Domestic Product at market price (GDPMP) 200 (v) Rent 25 (vi) Co…
   Board 20263 marksshort answer
2. Refer the given text carefully : According to the Economic Survey 2024-25, the government budget’s projections for the fiscal year 2025-26 indicate that gross direct tax revenue will rise by 12.7%, while gross indirect tax collections are expected to grow by 8…
   Board 20266 markslong answer
3. Read the following text carefully : 1 “In the recent times, the Government of India, has introduced several measures to encourage greater public participation in the capital market, including both primary and secondary stock markets.” Under which sector have t…
   Board 20261 markMCQ
4. ·Under the Ayushmaan Bharat Scheme, the government provides free medicaltreatment to the poorer section of the society." Identify and explain the nature of budget expenditure and its objective, indicated in the given statement.
   Board 20254 marksshort answer
5. (a) Describe briefly a rationale behind choosing ·Self-reliance' as a planning objective for the Indian economy. OR (b) Explain how, Goods and Services Tax (GST) has simplified the multiplicity of taxes on goods and services.
   Board 20254 marksshort answer
6. (a) "The government generally levies higher Goods and Services Tax (GST) on socially undesirable products like cigarettes, tobacco, liquor etc." Identify and explain the indicated government budget objective in the above statement. OR (b) Two friends Ramesh (a…
   Board 20253 marksshort answer
7. From the set of terms given in Column-I and Column-II, choose the correct pair : Column-I Column-I (a) Non-tax Revenue () Goods and Services Tax (b) Indirect Tax (i) Free-rider (c) Capital expenditure (iii) Borrowings Private goods (iv) (d) Rivalrous in nature…
   Board 20251 markMCQ
8. Identify, which of the following is not to be considered while estimating Revenue Deficit of a country. (Choose the correct option) (A) Wages and salaries paid by the government (B) Interest payments made by the Central Government (C) Direct Tax Collection (D)…
   Board 20251 markMCQ
9. The budget under, which the government may spend an amount equal to the revenue it collects is referred as. _ Budget. (Choose the correct option to fill up the blank) (A)Surplus (B)Deficit (C) Balanced (D)Deflationary
   Board 20251 markMCQ
10. (a) Classify the following as Revenue receipts or Capital receipts. Give valid arguments in support of your answer : (i) Interest received on loan. 2 (ii) Disinvestment receipts from the sale of a government company. 2 (iii) Financial assistance by the Governm…
    Board 20246 markscase-based
11. Page 13 16. (a) (i) Distinguish between direct tax and indirect tax with the help of suitable examples. 3 (ii) Explain the redistribution of income objective of the Government Budget. 3 OR (b) (i) Suppose the following data is presented for an imaginary econom…
    Board 20246 markslong answer
12. (a) Discuss any two factors that lead to stagnating Indian agriculture sector during British rule. 4 OR (b) Discuss any two liberalization measures pertaining to the tax reforms, introduced by the government, during the economic reform process of 1991.
    Board 20244 marksshort answer
13. On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDPFc) : Amount S. No. Items ( in crore) (i) Household Consumption Expenditure 2,000 (i) GovernmentFinal ConsumptionExpenditure 1,500 (ii)…
    Board 20233 marksshort answer
14. (a) (i) From the information given in the diagram, categorize the items into revenue receipts and capital receipts, stating valid reasons. 4 WHERE INDIA GETS ITS MONEY FROM? For every < 1 that the Govt. earns Excise duties : 8 paise (ii) Distinguish between Re…
    Board 20236 markslong answer
15. With suitable examples, distinguish between Direct taxes and Indirect taxes.
    Board 20234 marksshort answer
16. In order to tackle the problem of rising general price level in an economy, objective of. (i) reallocation of resources (ii) price stability (ii) redistribution of income Alternatives : (a) (i) only (b) (i) only (c) (iii) only (d) (i) and (ii)
    Board 20231 markMCQ
17. There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option. Assertion (A): According to the Government of India, the disinvestment of Public Sector Enterprises has brought accountability and …
    CBSE practice 2021-221 markAssertion-Reason
18. Answer the following questions. (a) "National highway is a private good because it is funded by taxes." Defend or refute the given statement with valid arguments. (b) How does the government budget ensure economic equality in an economy? OR (a) In the 2022-23 …
    CBSE practice 2022-236 markslong answer
19. (A). Utilizing the provided data, compute Revenue Deficit, Fiscal Deficit and Primary Deficit: S.No. Given Data ( in crore) A Revenue expenditure 80,350 B Capital expenditure 92,000 C Interest payments 18,000 D Revenue receipts 63,875 E Borrowings 59,640 F Cap…
    CBSE practice 2023-246 markscase-based
20. Note: There is no change in the Question Paper Design and Assessment Pattern for Academic Session 2026-27. 12 Refer to the given cartoon strip carefully: Analyse the impact of introduction of Goods and Service Tax in improving the efficiency of the taxation sy…
    Sample paper 2026-273 marksshort answer

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