12 Views

Question : Which of the following functions of the government budget is associated with the distribution of income?

I. Allocation function

II. Redistribution function

Option 1: Only I

Option 2: Neither I nor II

Option 3: Both I and II

Option 4: Only II


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Only II


Solution : The correct option is Only II .

The function of the government budget associated with the distribution of income is the redistribution function. This function involves the use of various fiscal policies, such as progressive taxation and social welfare programmes, to redistribute income and wealth in a society.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books