Question : Due to COVID-19, government of India allocated INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa and Bihar. Which objective of Government Budget is highlighted in the case above?
Option 1: Reallocation of resources
Option 2: Balanced regional development
Option 3: Management of public enterprises
Option 4: Economic stability
Correct Answer: Balanced regional development
Solution : The correct answer is (b) Balanced regional development.
In the given case, the allocation of INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa, and Bihar indicates the objective of balanced regional development in the government budget.
Balanced regional development aims to promote equitable development across different regions or states within a country. It involves allocating resources and investments to address regional disparities and ensure that all regions have access to necessary infrastructure, services, and opportunities for development.
By allocating funds specifically for the construction of health infrastructure in these states, the government is addressing the healthcare needs of these regions and promoting balanced development across different parts of the country.
