Introductory Macroeconomics
Government Budget and the EconomyClass 12 Introductory Macroeconomics notes, NCERT solutions, MCQs, case studies & practice
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Government Budget and the Economy at a glanceClass 12 Introductory Macroeconomics: summary and topics
In India, there is a constitutional requirement under Article 112 for the government to present a statement of its estimated income (receipts) and spending (expenditures) to the Parliament for each financial year, which runs from 1 April to 31 March.
Topics in this chapter
- 01Government Budget－Meaning and its Components
- 02Objectives of Government Budget
- 03Classification of Receipts
- 04Classification of Expenditure
- 05Balanced, Surplus and Deficit Budget
- 06Measures of Government Deficit
- 07Fiscal Policy
- 08Debt
- 09Fiscal Responsibility and Budget Management Act, 2003 (FRBMA)
- 10GST: One Nation, One Tax, One Market
Frequently asked questionsWhat students ask about Government Budget and the Economy
- How many NCERT questions are there in Government Budget and the Economy?
- Government Budget and the Economy has 9 questions in its NCERT textbook exercises. Every one is solved step by step on Kedovo's NCERT Solutions page for this chapter.
- What topics does Government Budget and the Economy cover?
- Government Budget and the Economy covers Government Budget－Meaning and its Components, Objectives of Government Budget, Classification of Receipts, Classification of Expenditure, Balanced, Surplus and Deficit Budget and Measures of Government Deficit, among other topics.
- Can I study Government Budget and the Economy on Kedovo for free?
- Yes. The chapter notes are free to read in full, with no account. A free Kedovo account opens the complete NCERT solutions and flashcards, plus free practice questions and sample MCQ, assertion and reason and case study questions. Without an account you can still try the first few of each.