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The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.
- a)managing the General Price Level in the economy to the desired level.
- b)increasing the Gross Domestic Products (GDP) of the economy.
- c)bringing the production of goods and services under its direct and absolute control.
- d)rationalisation of taxes in pro-poor direction.
Correct answer is option 'D'. Can you explain this answer?
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The Government can achieve its budget objective of ‘Redistributi...
The government’s objective of ‘redistribution of income’ can be achieved by levying high rate of tax on the rich and making expenditure of that amount for the welfare of the poor. Thus, rationalization of taxes or targeting those people who are poor.
Most Upvoted Answer
The Government can achieve its budget objective of ‘Redistributi...
Reducing the deficit by implementing several strategies:
1. Increasing revenue: The government can increase revenue by implementing tax reforms, closing loopholes, and reducing tax evasion. This can be achieved by ensuring a fair and progressive tax system that encourages compliance.
2. Cutting expenditure: The government can reduce unnecessary expenditure by reviewing and cutting down on non-essential programs and projects. This includes reducing subsidies, eliminating duplication of services, and improving efficiency in government operations.
3. Controlling public debt: The government can manage its debt more effectively by implementing measures such as refinancing debt at lower interest rates, reducing reliance on external borrowing, and negotiating favorable terms with creditors.
4. Stimulating economic growth: The government can implement policies that promote economic growth, such as investing in infrastructure projects, supporting small and medium-sized enterprises, and attracting foreign direct investment. A growing economy can lead to increased tax revenue and reduced reliance on borrowing.
5. Implementing fiscal discipline: The government can enforce fiscal discipline by setting realistic budget targets, monitoring spending, and implementing measures to prevent overspending. This includes enforcing strict financial controls and accountability measures.
6. Prioritizing spending: The government can allocate resources to priority areas such as education, healthcare, and infrastructure. By focusing on essential services and investments, the government can ensure efficient use of funds and achieve its budget objectives.
7. Encouraging public participation: The government can engage citizens in the budget process by seeking their input and feedback. This can help identify areas of inefficiency and wasteful expenditure, leading to better budget management.
Overall, a combination of these strategies can help the government achieve its budget objective of reducing the deficit and maintaining fiscal stability.
1. Increasing revenue: The government can increase revenue by implementing tax reforms, closing loopholes, and reducing tax evasion. This can be achieved by ensuring a fair and progressive tax system that encourages compliance.
2. Cutting expenditure: The government can reduce unnecessary expenditure by reviewing and cutting down on non-essential programs and projects. This includes reducing subsidies, eliminating duplication of services, and improving efficiency in government operations.
3. Controlling public debt: The government can manage its debt more effectively by implementing measures such as refinancing debt at lower interest rates, reducing reliance on external borrowing, and negotiating favorable terms with creditors.
4. Stimulating economic growth: The government can implement policies that promote economic growth, such as investing in infrastructure projects, supporting small and medium-sized enterprises, and attracting foreign direct investment. A growing economy can lead to increased tax revenue and reduced reliance on borrowing.
5. Implementing fiscal discipline: The government can enforce fiscal discipline by setting realistic budget targets, monitoring spending, and implementing measures to prevent overspending. This includes enforcing strict financial controls and accountability measures.
6. Prioritizing spending: The government can allocate resources to priority areas such as education, healthcare, and infrastructure. By focusing on essential services and investments, the government can ensure efficient use of funds and achieve its budget objectives.
7. Encouraging public participation: The government can engage citizens in the budget process by seeking their input and feedback. This can help identify areas of inefficiency and wasteful expenditure, leading to better budget management.
Overall, a combination of these strategies can help the government achieve its budget objective of reducing the deficit and maintaining fiscal stability.
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The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer?
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The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer?.
The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer?.
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The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.a)managing the General Price Level in the economy to the desired level.b)increasing the Gross Domestic Products (GDP) of the economy.c)bringing the production of goods and services under its direct and absolute control.d)rationalisation of taxes in pro-poor direction.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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