Practice Key Concepts in Public Finance - 5.2 | 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 does Public Finance study?

πŸ’‘ Hint: Think about the economic functions of the government.

Question 2

Easy

Name one source of public revenue.

πŸ’‘ Hint: Consider what governments collect from citizens.

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 public finance primarily concerned with?

  • Only public revenue
  • Government expenditure
  • Government activities and finances

πŸ’‘ Hint: Think of public finance as a comprehensive field.

Question 2

Is public debt only external?

  • True
  • False

πŸ’‘ Hint: Recall the two classifications of public debt.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate the effects of reducing public expenditure on long-term economic growth.

πŸ’‘ Hint: Consider the role of infrastructure and education in long-term development.

Question 2

Calculate the impact of an increase in income tax on disposable income and consumer spending.

πŸ’‘ Hint: Think about how consumers react to less money in their pockets.

Challenge and get performance evaluation