Practice Summary of Key Points - 5.11 | 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

Name one source of public revenue.

💡 Hint: Think about government income sources.

Question 2

Easy

What does public expenditure refer to?

💡 Hint: Consider how the government uses its 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

Which of the following is a source of public revenue?

  • Direct Taxes
  • Water
  • Land

💡 Hint: Think about how the government earns money.

Question 2

True or False: Fiscal policy is solely concerned with government spending.

  • True
  • False

💡 Hint: Consider all the tools used under fiscal policy.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Discuss the potential long-term effects of continuous budget deficits on public debt and economic growth.

💡 Hint: Think about how deficits impact future government spending and borrowing.

Question 2

Evaluate how fiscal federalism can influence the effectiveness of public finance policies across different states.

💡 Hint: Consider how local conditions may affect financial governance.

Challenge and get performance evaluation