12th Class Economics Government Budget And The Economy / सरकार का बजट और अर्थव्यवस्था Question Bank

done Assertion and Reason - Government Budget and Economy Total Questions - 6

• question_answer1)

  Assertion [A] Government budget is an annual estimated statement of revenue and expenditure during coming fiscal year.

  Reason [R] Through government budget, it tries to reduce the regional variations.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A] done clear
  B)
  Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A] done clear
  C)
  Assertion [A] is true, but Reason [R] is false done clear
  D)
  Assertion [A] is false, but Reason [R] is true done clear
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• question_answer2)

  Assertion [A] Tax is a main source of government's revenue which is used to provide services, therefore those who pay tax should not use government services.

  Reason [R] Public goods are non-exclusive and non-rival in consumption.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A] done clear
  B)
  Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A] done clear
  C)
  Assertion [A] is true, but Reason [R] is false done clear
  D)
  Assertion [A] is false, but Reason [R] is true done clear
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• question_answer3)

  Assertion [A] Public goods are non-rivalrous.

  Reason [R] The benefits of such goods can be enjoyed by all and are not restricted to any one person.

  A)
  Both Assertion [A] and Reason [R] are correct and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason(R) are correct, but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is correct, but Reason [R] is incorrect. done clear
  D)
  Both [A] and Reason [R] are incorrect. done clear
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• question_answer4)

  Assertion [A] Government imposes heavy taxes on alchohol and gives subsidy of LPG gas.

  Reason [R] The government undertakes such a measure to ensure economic stability in the country.

  A)
  Both Assertion [A] and Reason [R] are correct and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are correct, but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is correct, but Reason [R] is incorrect. done clear
  D)
  Both Assertion [A] and Reason [R] are incorrect. done clear
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• question_answer5)

  Assertion [A] Revenue budget of Government represents non-debt creating incomes.

  Reason [R] Government budget is majorly comprised of receipts and expenditures on various account.

  A)
  Both Assertion [A] and Reason [R] are correct and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are correct, but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is correct, but Reason [R] is incorrect. done clear
  D)
  Both Assertion [A] and Reason [R] are incorrect. done clear
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• question_answer6)

  Assertion [A] In absence of any legal hier of an individual, government distributes its financial assets.

  Reason [R] Non-tax revenues of government budget is categorized under capital component.

  A)
  Both Assertion [A] and Reason [R] are correct and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are correct, but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is correct, but Reason [R] is incorrect. done clear
  D)
  Both Assertion [A] and Reason [R] are incorrect. done clear
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