Question : Which of the following are the objectives of government budget?
Option 1: The allocation of resources
Option 2: Reducing inequalities in income and wealth
Option 3: Economic stability
Option 4: All of the above.
Correct Answer: All of the above.
Solution : Following are the objectives of government budget-
Hence, Option D is correct.
Question : Which objective of government budget is highlighted here? Budgetary policy involves maintaining income and wealth equality with the help of government.
Question : Which objective of government budget is highlighted here? During inflationary condition, government reduces aggregate demand by reducing their expenditure.
Question : In Government Budget 2022-23, GoI has increased the tax slab for those earnings 1crore per annum and above. Identify the objective of budget highlighted in the case above.
Question : Which objective of government budget is highlighted here? During deflation condition, government increases aggregate demand by increasing their expenditure.
Question : Which objective of government budget is highlighted here? Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
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