{"id":26865,"date":"2020-06-23T15:15:18","date_gmt":"2020-06-23T09:45:18","guid":{"rendered":"https:\/\/kseebsolutions.guru\/?p=26865"},"modified":"2021-07-02T15:19:15","modified_gmt":"2021-07-02T09:49:15","slug":"kseeb-class-10-economics-important-questions-chapter-4","status":"publish","type":"post","link":"https:\/\/kseebsolutions.guru\/kseeb-class-10-economics-important-questions-chapter-4\/","title":{"rendered":"KSEEB Class 10 Economics Important Questions Chapter 4 Public Finance and Budget"},"content":{"rendered":"

Students can download Class 10 Economics Chapter 4 Public Finance and Budget Important Questions, KSEEB SSLC Class 10 Social Science Important Questions and Answers<\/a>\u00a0helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations.<\/p>\n

Karnataka SSLC Class 10 Social Science Economics Important Questions Chapter 4 Public Finance and Budget<\/h2>\n

Question 1.
\nWhat is personal finance?
\nAnswer:
\nThe management of income, expenditure and debt of an individual is called personal finance.<\/p>\n

Question 2.
\nWhat is public finance?
\nAnswer:
\nPublic finance means the finances of the government. Public finance deals with how a government raises revenues to meet its expenditure and the way in which the government manages its income, expenditure and loans.<\/p>\n

Question 3.
\nDefine public finance.
\nAnswer:
\nAccording to Dalton, public finance is \u201cconcerned with the income and expenditure of public authorities and with the adjustment of one to the other\u201d.<\/p>\n

Question 4.
\nWhat is fiscal policy?
\nAnswer:
\nA government, with the intention to achieve economic growth and price stability, announces its policy related to its revenue, expenditure and raising of loans. This policy is called fiscal policy.<\/p>\n

\"KSEEB<\/p>\n

Question 5.
\nWhat are the objectives of fiscal policy?
\nAnswer:
\nThe objectives of fiscal policy are to achieve economic growth, maintain economic (price) stability, and achieve a fair distribution of income.<\/p>\n

Question 6.
\nExplain the importance of public finance.
\nAnswer:
\nThe government usually spends the revenue collected through taxes or the money raised through borrowings for development activities. This increases the growth rate of the economy. Similarly, by spending more during recession, the government tries to regulate the economic activities. Since all these are part of the annual budget prepared by the government, the study of public finance also helps in analysis and evaluation of budgets.<\/p>\n

Question 7.
\nWhat is a budget?
\nAnswer:
\nThe statement of estimated income and expenditure of a year prepared by the government is called budget.<\/p>\n

Question 8.
\nWhen does the financial year start and end in India?
\nAnswer:
\nIn India, the financial year starts on April 1st and ends on March 31st of the subsequent year.<\/p>\n

Question 9.
\nWhat is the purpose of preparing a budget?
\nAnswer:
\nThrough the budget, the government tries to achieve the objectives of growth, stability and redistribution of income.<\/p>\n

Question 10.
\nWho presents the budget of the central government in the Lok Sabha?
\nAnswer:
\nThe Finance Minister presents the budget of the central government in the Lok Sabha.<\/p>\n

Question 11.
\nIn which House of the Parliament is the central budget presented?
\nAnswer:
\nThe central budget is presented in the Lok Sabha.<\/p>\n

\"KSEEB<\/p>\n

Question 12.
\nWhen is the central budget normally presented in the Lok Sabha?
\nAnswer:
\nNormally, the central budget is presented in the Lok Sabha in February or March.<\/p>\n

Question 13.
\nWhen should the central budget normally be approved by the Parliament?
\nAnswer:
\nThe central budget should normally be approved by the Parliament before March 31st.<\/p>\n

Question 14.
\nWhich are the three types of budgets?
\nAnswer:
\nThe three types of budgets are:<\/p>\n