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Chapter 10 of 11
Important Questions

Budget

Gujarat Board · Class 11 · Economics

Most important questions from Budget for Gujarat Board Class 11 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.

41 questions22 flashcards5 concepts

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41 Questions·
multiple choicemultiple correct

Sample Questions

1multiple correct

Which of the following are purposes of a budget? (Select all correct answers)

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To obtain approval from elected representatives, To allocate resources according to priority, To inform the public about government plans, To get idea about available resources

Budget serves multiple purposes: obtaining approval, resource allocation, public information, and understanding available resources. It's not meant to generate profits.

2multiple choice

A deficit budget occurs when:

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Government expenditure exceeds income

In a deficit budget, the government's anticipated total expenditure is more than the anticipated total income.

3multiple choice

Who is the chairperson of the GST Council?

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Finance Minister of India

The Finance Minister of India is the chairperson of the GST Council, with state finance ministers as members.

4multiple correct

Which of the following are accounts on the credit side of a budget? (Select all correct answers)

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Revenue income, Capital income

The credit side of a budget contains income accounts: revenue income and capital income. Expenditures are on the debit side.

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Frequently Asked Questions

What are the important topics in Budget for Gujarat Board Class 11 Economics?
Budget covers several key topics that are frequently asked in Gujarat Board Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Budget — Gujarat Board Class 11 Economics?
Understand the core concepts first, then work through the 41 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Budget?
There are 41 practice questions available for Budget. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for Gujarat Board Class 11 Economics.