Question : Which objective of government budget is highlighted here?
High amount of taxation is imposed on rich class and more welfare is given to poor.
Option 1: Reallocation of resources
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: Economics growth
Answer (1)
22nd Jan, 2024
Correct Answer:
Reducing income inequalities
Solution :
Under reducing inequalities of income and wealth, Government high amount of taxation is imposed on rich class and more welfare is given to poor.
Hence Option B is correct.
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