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Public Expenditure

ICSE · Class 10 · Economics

Complete topic list for Public Expenditure in ICSE Class 10 Economics. Key concepts, sub-topics, and what to focus on for board exams.

44 questions20 flashcards5 concepts

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4 Topics · ICSE Class 10 Economics

Topics in Public Expenditure

1

Meaning and Objectives of Public Expenditure

  • Public expenditure refers to expenses incurred by government for maintenance and welfare of society
  • It includes spending by Central Government, State Government, and Local bodies
  • Public expenditure is not just financial mechanism but aims at social objectives
2

Types of Public Expenditure

  • Revenue Expenditure: Current expenditure on administration, defence, grants - does not create assets
  • Capital Expenditure: Expenditure on acquisition of assets, buildings, machinery - creates productive capacity
  • Developmental Expenditure: Promotes economic and social development (transport, communication)
3

Reasons for Growth of Public Expenditure

  • Political Causes: Growth of democracy (expensive than totalitarian), Increased defence expenditure due to international tensions
  • Social Causes: Population growth increases state responsibilities, Expansion of social services (education, health), Social security measures for welfare state
  • Economic Causes: Rise in prices increases government costs, Growth of public sector, Economic assistance to private sector, Development programmes expansion, Urbanisation trend
4

Role of Public Expenditure in Economic Development

  • Infrastructure development provides employment and raises productive capacity
  • Public enterprises end private monopolies and increase production of essential commodities
  • Heavy and basic industries establishment increases economic growth rate

Key Concepts

All expenses made by government authoritiesRevenue expenditure includes current expenses likeDevelopmental expenditure promotes economic growth (infra...Productive expenditure improves economic capacity (invest...There's a persistent tendency for state

Frequently Asked Questions

What are the important topics in Public Expenditure for ICSE Class 10 Economics?
Public Expenditure covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Public Expenditure — ICSE Class 10 Economics?
Understand the core concepts first, then work through the 44 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

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

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