CLASS 12 · NCERT GEOGRAPHY · CH 5: GOVERNMENT BUDGET AND THE ECONOMY (NCERT CLASS 12 — MACROECONOMICS)
Government Budget and the Economy 🏛️
NCERT-aligned Class 12 Geography topic. Every item is anchored to a real location on India's map — built for boards (CBSE, ICSE, state) and UPSC aspirants.
12LOCATIONS
68QUESTIONS
CLASS 12NCERT LEVEL
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Key locations covered (12)
- Budget Article
- Components of Budget
- Revenue vs Capital Expenditure
- Types of Deficits
- Current Deficit Levels India
- FRBM Act
- Direct vs Indirect Taxes
- GST Regime
- GST Council
- Finance Commission
- Direct Tax Slabs New Regime FY25
- Pump Priming
Sample questions (12 of 68)
Annual Financial Statement (Budget) is provided under which Article of Constitution?
Article 112
Budget is presented in Parliament typically on?
1 February (since 2017)
Railway Budget was merged with General Budget in?
2017
Public debt of Centre as % of GDP (latest).
About 57-58%
Balanced budget multiplier.
1 (Haavelmo theorem)
Public Account of India is operated under which Article?
Article 266(2)
FRBM rolling target deficit reduction has been overshot due to?
COVID-19 (FY21 fiscal deficit was 9.2%)
Faceless assessment under Income Tax was launched in?
August 2020
Two main components of Budget.
Receipts and Expenditure
Receipts are classified into?
Revenue and Capital
Revenue Receipts examples.
Taxes (direct + indirect), Non-tax (interest, dividends, fees)
Capital Receipts examples.
Borrowings, Disinvestment, Recovery of loans
All 68 questions are available in the interactive map quiz.
About this topic
This topic is part of the NCERT Class 12 Geography syllabus, drawn from the chapter Ch 5: Government Budget and the Economy (NCERT Class 12 — Macroeconomics). Content is cross-referenced against the latest NCERT textbook editions + standard reference works (Bipan Chandra, R.S. Sharma, Romila Thapar, Satish Chandra for history; G.C. Leong, Savindra Singh for geography; the UPSC Civil Services prelims + mains syllabus).
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