Practice Importance of Public Finance - 5.2.2 | 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?

💡 Hint: Think about the overall role of government in managing finances.

Question 2

Easy

List one source of public revenue.

💡 Hint: Consider contributions that citizens make.

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 main purpose of public finance?

  • Managing government finances
  • Reducing taxes
  • Increasing debt
  • None of the above

💡 Hint: Consider the primary role of governments.

Question 2

True or False: Public finance can help reduce income inequality.

  • True
  • False

💡 Hint: Think about the impacts of taxation on different income groups.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Propose a policy that governments could implement to effectively reduce income inequality using public finance strategies.

💡 Hint: Consider how taxes can redistribute wealth.

Question 2

Analyze the potential consequences for an economy that fails to maintain fiscal stability. What could be short-term and long-term impacts?

💡 Hint: Think about what excessive debt can do to a country's economy.

Challenge and get performance evaluation