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Class 12 Macroeconomics: Chapter 10 Solutions by Sandeep Garg

Commerce

Class 12 Macroeconomics: Chapter 10 Solutions by Sandeep Garg

Class 12 Macroeconomics Sandeep Garg Solutions Chapter 10 - Government Budget and the Economy

Chapter 10 in Sandeep Garg Macroeconomics Solutions describes how the government formulates a country's budget. The budget of a country is usually drafted on an annual basis. Sandeep Garg Class 12 Macroeconomics solutions Chapter 10 contains six solutions in total. These are numerical problems based on budgetary inputs. The chapter ‘Government Budget and the Economy’ is a crucial and scoring chapter for board exams.

You can expect a number of sums on this chapter in your Economics paper. Solving them correctly will bring you full marks, thereby improving your aggregate percentage.

How to download Class 12 Chapter 10 Government Budget Free PDF Solutions

One of the most important topics in this chapter would be the objectives behind an annual budget. Here are some of the objectives:

Maintaining economic stability
Reallocation of resources
Reducing economic inequalities
Managing public enterprises

Class 12 Macroeconomics Government Budget and Economy chapter also discuss the importance, components, types, etc. of a budget.

Components of a Government Budget

Predominantly, there are two components in a government budget. They are:

Revenue Budget
Capital Budget

Revenue Budget

Revenue budget is a section of the budget which is related to revenue of a country. It represents how revenue is generated in a country to run the economy. Revenue budget also shows how the sum is allocated among different heads to meet expenditure.

Capital Budget

Capital budget is that section of the budget which deals with the capital aspect of an economy. Capital budget has two components, Capital Receipts and Capital Expenditures. This concept has been detailed through sums in Class 12 Macroeconomics government budget and economy chapter.

Revenue Receipt

Revenue receipts are such receipts which neither create a liability nor result in asset reduction of a government. These receipts are recurring in nature. You can look up the first solution in Macroeconomics Class 12 Chapter 10 Sandeep Garg to understand revenue receipt.

Revenue Expenditure

Revenue expenditure does not create any asset or reduce the government's liability. For example, the government's spending in defence, interest payments, debts, etc. comes under revenue expenditure.

Capital Receipt

Government receipts which either create liability or reduction in assets are referred to as capital receipts. The sixth solution in Class 12 Sandeep Garg solutions government budget and economy could help you understand capital receipt.

Capital Expenditure

Capital expenditures are such expenditures which result in asset creation of liability reduction. It is non-recurring in nature. Capital expenditure could include granting loans, repayment of loans, asset acquisition, and so on.

Class 12 Sandeep Garg solutions government budget and economy chapter also introduce the concepts of revenue deficit and fiscal deficit.

How Should You Prepare Your Macroeconomics Syllabus For The Board Exams?

Here are some tips you could follow to score well in the Macroeconomics section:

Read the text of the Macroeconomics chapters first.
After reading the textbook, move on to the exercise questions.
Check how many of them you can solve and in how many you require help.
Refer to the corresponding chapter in the solutions book/PDF.
After seeing the solution, try solving it by yourself.
Solve varied types of questions and sums to get a better understanding.

You can also read Sandeep Garg Class 12 Macroeconomics solutions Chapter 10 and other chapters while revising your lessons.

In order to assist students in their exam preparations, various platforms now offers free download option of PDF solutions. For example, you can easily download Class 12 Macroeconomics Sandeep Garg solution Chapter 10 PDF from the Vedantu App. Students can now download the soft copy of every Macroeconomics chapter for free.

If you would like to refer to a note that will consist of everything from Solutions to practice questions to previous years papers then it is the best solution to check out Sandeep Garg Macroeconomics Class 12 Solutions Chapter 10 - Government Budget and the Economy via Vedantu which provides a compilation of everything that you are looking for. You also get to download Sandeep Garg Macroeconomics Class 12 Solutions Chapter 10 - Government Budget and the Economy for free without paying a single penny.

FAQs on Class 12 Macroeconomics: Chapter 10 Solutions by Sandeep Garg

1. How many sums are there in the 10th chapter of Sandeep Garg Class 12 Macroeconomics solutions?

There are six sums in the 10th chapter of Sandeep Garg Class 12 Macroeconomics solutions. The sums show how to calculate revenue expenditure, primary deficit, fiscal deficit, capital expenditure, and so on.

2. What are the different types of budget?

A government budget can be of three different types. They are balance budget, surplus budget, and deficit budget. Each of these budget types has respective merits and demerits. All of these are detailed in Class 12 Macroeconomics Chapter 10 Government Budget and Economy.

3. What is a revenue deficit?

Revenue deficit is the surplus in overall revenue outflow of a country with respect to its total revenue receipts. This deficit can be calculated using the formula Revenue Deficit = Total Revenue Expenditure – Total Revenue Receipt. You can understand the application of this formula in Class 12 Macroeconomics Government Budget and Economy chapter.

4. Is NCERT good for macroeconomics in Class 12 for studying main concepts?

NCERT textbooks have been one of the most preferred textbooks throughout the ages for the CBSE syllabus. But it is seen that nowadays people tend to refer to other books more than NCERT. In order to prove the same here are some of the reasons why you should not refer to NCERT to study the concepts:

1. The updates are quite irregular and can take time:

As and when the content needs updates, the NCERT tends to lag as compared to other books provided by publications such as Sandeep Garg Solutions or that of V.K. Publications.

2. Tough to understand:

While there is enough content mentioned, it does not make it easy to comprehend. Many books cover various aspects of studies such as case study problems, numerical problems, and other such multiple question types. With a much more illustrative explanation being provided by other books, NCERT can sometimes be a little difficult for students to understand and comprehend.

3. Previous year questions:

Unlike reference books from Sandeep where you get previous years' questions all in one solution book, you may not find a lot of previous year reference questions in NCERT books.

5. Where can I get a Sandeep Garg Macroeconomics Class 12 Solutions Chapter 10 - Government Budget and the Economy for free in PDF format?

You can get a Sandeep Garg Macroeconomics Class 12 Solutions Class 12 Macroeconomics Sandeep Garg Solutions Chapter 10 - Government Budget and the Economy for free pdf download via Vedantu. Sandeep Garg Macroeconomics Class 12 Solutions Class 12 Macroeconomics Sandeep Garg Solutions Chapter 10 - Government Budget and the Economy allows you to check all your required notes and their related materials all in one book. You can also prepare revision notes and attend doubt-solving classes via Vedantu for a better understanding of the concepts.

6. If I refer to Sandeep Garg Macroeconomics Class 12 Solutions Chapter 10 - Government Budget and the Economy how much time do I need to study this chapter?

If you refer to the Sandeep Garg Macroeconomics Class 12 Solutions Class 12 Macroeconomics Sandeep Garg Solutions Chapter 10 - Government Budget and the Economy then you need not worry about wasting a lot of time on your studies. Sandeep Garg Macroeconomics Class 12 Solutions Class 12 Macroeconomics Sandeep Garg Solutions Chapter 10 - Government Budget and the Economy gives all the concepts in short and crisp answers that will allow any student who wishes to finish off the subject in just a week can do so by just reading and understanding what is mention in the Sandeep Garg Solutions on the website of Vedantu and its mobile application.

7. Is the Macroeconomics Class 12 Chapter 10 - Government Budget and the Economy an important topic for the board exam?

Yes, it is necessary, in fact, all the topics in Macroeconomics Class 12 are important as they are not just topics that are asked in your normal class test but they are also those topics that will be asked during your board exams. Understanding the concepts well from these chapters is necessary as there can be any sort of twisted question being asked that may or may not be one that you have already read about. If you are worried about how to prepare for the best then you can refer to Sandeep Garg Macroeconomics Class 12 Solutions for Chapter 10 - Government Budget and the Economy for clearing all your concepts and polishing your last time revision notes.

8. How will the mathematical parts in Sandeep Garg Macroeconomics Class 12 Solutions for Chapter 10 - Government Budget and the Economy help for exam preparations?

The mathematical parts that are mentioned in the Sandeep Garg Macroeconomics Class 12 Solutions for Chapter 10 - Government Budget and the Economy are not only beneficial to learn for your class tests or your board exams but they also come in handy when you write a competitive exam. While learning for exams such as UPSC CDS exams there tends to be a lot of mathematical calculations that might not be so easy to solve. But with the help of Sandeep Garg Macroeconomics Class 12 Solutions for Chapter 10 - Government Budget and the Economy you get to understand the mathematical calculation in just a few steps.