Budget

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Budget

  1. 1. E- CONTENT FOR ECONOMICS CLASS XII
  2. 2.  A budget is an annual statement of the estimated receipts and expenditure of the government over the fiscal year, which runs from APRIL 1ST to MARCH 31ST .
  3. 3. 1. Redistribution of income and wealth: Govt.through fiscal tools of taxation,subsidies and transfer payments brings about fair distribution of income. 2. Reduction of inequalities: Govt. can reduce inequalities of income by taking the rich people more in budget and spending more on poor. 3. Economic stability: The tries to prevent business fluctuation and maintain price and employment stability. 4. Economic growth: Development of heavy and basic industry.
  4. 4. R evenue receipts C apital receipts B udget receipts R evenue expenditure C apital expenditure B ubget expenditure G overnm ent budget
  5. 5. D eve lo p- m en tal N o n-d evelo p- m en tal R e ve n ue expe nditu re D e velo p- m ental N on -de velop- m en tal C a pital expen diture P lan e xpen ditu re D eve lop- m en tal N o n-de velo p- m ental R e ve nue e xpe nditu re D e ve lo p- m ental N o n -d evelop- m en tal C a pital expe n diture N on-plan e xpen diture C om p on en ts of B ud get exp en diture
  6. 6.  Budget expenditure:It is the expense which the govt.incurs for its own maintenance as also for the society and the country as a whole.  Components 1.Plan expenditure and non-plan expenditure: i) Plan expenditure:It is the expenditure to be incurred during the year on the programmes under the current five year. Ex:the assistance provided by the Central govt.for the plans states and Union territories. ii) Non-plan expenditure:Expenditure other than the expenditure related to the current five year plan.
  7. 7.  REVENUE EXPENDITURE AND CAPITAL EXPENDITURE  Revenue expenditure:It refers to expenditure which either create assets nor reduce liabilities.  Capital expenditure:It refers to expenditure which which either creates assets or reduce liabilities. 2.Developmental and Non-developmental expenditure: i) Non-Developmental expenditure:Expenditure on essential general services of the govt. Ex:defence &administration
  8. 8. Video Courtesy: http://www.youtube.com/watch?v=TlwL7vLlXz8
  9. 9. A) True B) False Correct - Click anywhere to continue Correct - Click anywhere to continue Incorrect - Click anywhere to continue Incorrect - Click anywhere to continue You answered this correctly!You answered this correctly! Your answer:Your answer: The correct answer is:The correct answer is: You did not answer this question completely You did not answer this question completelyYou must answer the question before continuing You must answer the question before continuing Submit Clear
  10. 10. A) True B) False Correct - Click anywhere to continue Correct - Click anywhere to continue Incorrect - Click anywhere to continue Incorrect - Click anywhere to continue You answered this correctly!You answered this correctly! Your answer:Your answer: The correct answer is:The correct answer is: You did not answer this question completely You did not answer this question completelyYou must answer the question before continuing You must answer the question before continuing Submit Clear
  11. 11. A) Revenue receipts B) Capital Receipts C) Capital Expenditure D) Revenue Expenditure Correct - Click anywhere to continue Correct - Click anywhere to continue Incorrect - Click anywhere to continue Incorrect - Click anywhere to continue You answered this correctly!You answered this correctly! Your answer:Your answer: The correct answer is:The correct answer is: You did not answer this question completely You did not answer this question completelyYou must answer the question before continuing You must answer the question before continuing Submit Clear
  12. 12. A) Fiscal Deficit B) Revenue Deficit C) Primary Deficit D) Budgetary Deficit Correct - Click anywhere to continue Correct - Click anywhere to continue Incorrect - Click anywhere to continue Incorrect - Click anywhere to continue You answered this correctly!You answered this correctly! Your answer:Your answer: The correct answer is:The correct answer is: You did not answer this question completely You did not answer this question completelyYou must answer the question before continuing You must answer the question before continuing Submit Clear
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