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MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy With Answers PDF |
MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy With Answers PDF
- What is the definition of a Budget? a. A plan for the allocation of resources b. A statement of government revenues and expenditures c. A plan for the allocation of government resources d. All of the above
Answer: b. A statement of government revenues and expenditures
- What is the definition of Revenue Budget? a. A budget that shows only the revenue received by the government b. A budget that shows only the revenue expenditures of the government c. A budget that shows both the revenue received by the government and the revenue expenditures of the government d. None of the above
Answer: c. A budget that shows both the revenue received by the government and the revenue expenditures of the government
- What is the definition of Capital Budget? a. A budget that shows only the capital expenditures of the government b. A budget that shows only the capital receipts of the government c. A budget that shows both the capital expenditures of the government and the capital receipts of the government d. None of the above
Answer: c. A budget that shows both the capital expenditures of the government and the capital receipts of the government
- What is the definition of Deficit Budget? a. A budget in which expenditures exceed revenues b. A budget in which revenues exceed expenditures c. A budget in which expenditures are equal to revenues d. None of the above
Answer: a. A budget in which expenditures exceed revenues
- What is the definition of Surplus Budget? a. A budget in which expenditures exceed revenues b. A budget in which revenues exceed expenditures c. A budget in which expenditures are equal to revenues d. None of the above
Answer: b. A budget in which revenues exceed expenditures
- What is the definition of Fiscal Deficit? a. The difference between total expenditures and total revenues of the government b. The difference between total revenues and total expenditures of the government c. The difference between total expenditures and total borrowing of the government d. None of the above
Answer: a. The difference between total expenditures and total revenues of the government
- What is the definition of Fiscal Surplus? a. The difference between total expenditures and total revenues of the government b. The difference between total revenues and total expenditures of the government c. The difference between total revenues and total borrowing of the government d. None of the above
Answer: b. The difference between total revenues and total expenditures of the government
- What is the definition of Budget Deficit? a. The difference between total expenditures and total revenues of the government b. The difference between total revenues and total expenditures of the government c. The difference between total expenditures and total borrowing of the government d. None of the above
Answer: a. The difference between total expenditures and total revenues of the government
- What is the definition of Budget Surplus? a. The difference between total expenditures and total revenues of the government b. The difference between total revenues and total expenditures of the government c. The difference between total revenues and total borrowing of the government d. None of the above
Answer: b. The difference between total revenues and total expenditures of the government
- What is the definition of Fiscal Borrowing? a. The amount borrowed by the government from the public b. The amount borrowed by the public from the government c. The amount borrowed by the government from financial institutions d. None
Benefits of MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy
One of the benefits of using MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy With Answers PDF
In conclusion, MCQ Questions for Class 12 Macroeconomics Chapter 5 Government Budget and the Economy are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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