Question : Fill in the blanks- Directly producing goods and services is a part of ________.
Option 1: Reallocation of resource
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: All of the above.
Correct Answer: Reallocation of resource
Solution : Directly producing goods and services as a part of relocation of resources. There are many nonprofitable economic activities which are undertaken by the government for social welfare. Hence Option A is correct.
Question : Fill in the blanks- Tax concessions is a part of ________.
Question : When private sector does not find producing certain goods and services attractive, production of such goods and services is taken by the government. This refers to the ______ objective of Government Budget
Question : Which objective of government budget is highlighted here? During inflationary condition, government reduces aggregate demand by reducing their expenditure.
Question : Which objective of government budget is highlighted here? Government imposes heavy taxation to discourage the consumption of harmful consumption goods like liquor, cigarettes, etc.
Question : Which objective of government budget is highlighted here? Budgetary policy involves maintaining income and wealth equality with the help of government.
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