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NCERT Solutions for Class 12 Economics: Being a subject that includes subjective content as well as objective problems, Class 12 economics requires a very in-depth detailed understanding of the concepts. Download books and chapters from book store. Human Capital Formation in India. NCERT book for Economics in class 12 is strongly recommened by teachers and the CBSE and NCERT boards. UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY KEY CONCEPTS: Meaning of the Budget Objectives of the Budget Components of the Budget Budget Receipts Budget Expenditure Balanced, Surplus and Deficit Budgets Types of Deficits GOVERNMENT BUDGET – A FLOW CHART 1 MARK QUESTIONS AND ANSWERS Define a Budget. NCERT Books chapter-wise Solutions (Text & Videos) are accurate, easy-to-understand and most helpful in Homework & Exam Preparations. students are advised to check out the complete syllabus and exam pattern with the marking scheme.. February 7, 2020. 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