Question : The main purpose of a government budget is to:
Option 1: Maximize profits for the government
Option 2: Minimize the size of the government
Option 3: Allocate resources efficiently
Option 4: None of the above
Correct Answer: Allocate resources efficiently
Solution : The correct answer is (c) to allocate resources efficiently.
The government budget serves as a financial plan that outlines the government's anticipated revenues and expenditures for a specific period, typically a fiscal year. While the specific goals and priorities of a government budget may vary, its primary purpose is to allocate resources effectively and efficiently to meet the needs of the country and its citizens.
Through the budgeting process, the government determines how funds will be allocated to various sectors and programs such as education, healthcare, infrastructure, defense, social welfare, and more. The goal is to ensure that resources are distributed in a manner that promotes economic growth, social development, and the well-being of the population.
Question : Market failure occurs when:
Question : A government budget that is balanced over the long term is called:
Question : Policies of Surplus budget during inflation is a part of which objective of government budget?
Question : Which of the following is not important for management?
Question : Debentures are:
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