Practice Conclusion - 5.10 | Chapter 5: Public Finance | ICSE Class 12 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is public finance?

πŸ’‘ Hint: Think about how the government manages its budget.

Question 2

Easy

Name two components of public finance.

πŸ’‘ Hint: Consider the ways the government collects and spends money.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary goal of public finance?

  • To collect taxes
  • To manage government finances
  • To increase public debt

πŸ’‘ Hint: Consider what managing finances means for a government.

Question 2

True or False: Public debt is the income earned by the government.

  • True
  • False

πŸ’‘ Hint: Think about the difference between what is owed and what is collected.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze the effects of increasing public debt on future public policy decisions.

πŸ’‘ Hint: Think about how debt influences priority settings.

Question 2

Evaluate how effective public finance can transform an economy facing recession.

πŸ’‘ Hint: How does spending influence a struggling economy?

Challenge and get performance evaluation