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Directions: Read the following case study and answer the questions
Prime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.
“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”
The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.
Q. A direct tax cut in government budget helps to stimulate economic growth by
  • a)
    increasing disposable income
  • b)
    increasing production activity
  • c)
    increasing demand
  • d)
    Both(a)and(c)
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Directions: Read the following case study and answer the questionsPrim...
A fall in tax rate leads to rise in disposable income (i.e., income after tax which further enhances productivity and growth.
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Directions:Read the below case and answer the questions that follow: A trait is considered as a relatively enduring attribute or quality on which one individual differs from another. They are relatively stable over time and is generally consistent across situations. Their strengths and combination vary across individuals leading to individual differences in personality.Allport mentioned two types of traits; common traits and personal traits. Common Traits – are the traits found in the majority of persons living in a society or culture. Thus, people of a society orculture can be compared on that trait.For example, If X shows a trait of cooperativeness in his behaviours in various situations, and if similar behaviours are obtained in a large number of persons from that community or culture, this trait will be considered as a common Trait.Common traits thus are those which are reflected in the behaviour of most of the persons in a society or a community or culture.Personal Traits - This refers to the unique characteristics of a person and not shared by other members of the society or community or culture. Such a personal trait is not comparable with those of others in that culture. These traits are inculcated by a person more in the process of socialisation and thus many of the do’s and don’ts of the parents or caregivers become part of the personality and these traits are unique to this individual.Another important aspect is that these traits are highly consistent and can be seen in almost all behaviours of this individual irrespective of the situation concerned. To give an example, the trait of parsimony is something which an individual will show in almost every aspect of his behaviour whether he is at home or office or school or anywhere. He will for example put off the lights to economise on electricity consumption whether at office or at home.Allport further divided personal traits into three subcategories: (

Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer?
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Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)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 Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)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 Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer?.
Solutions for Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following case study and answer the questionsPrime Minister Narendra Modi ’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman proposed tax reductions for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped, reflecting the subdued sentiment.“Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South-East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary.”The focus now shifts to the Reserve Bank of India’s interest rate decision on February 6, 2020. Flowever, having already cut interest rates five times last year and with inflation exceeding 7 per cent, well above the central bank’s target, there’s limited scope for Governor Shaktikanta Das to ease more.Q. A direct tax cut in government budget helps to stimulate economic growth bya)increasing disposable incomeb)increasing production activityc)increasing demandd)Both(a)and(c)Correct answer is option 'D'. 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