Question : Due to COVID-19, government of India allocated INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa and Bihar. Which objective of Government Budget is highlighted in the case above?
Option 1: Reallocation of resources
Option 2: Balanced regional development
Option 3: Management of public enterprises
Option 4: Economic stability
Correct Answer: Balanced regional development
Solution : The correct answer is (b) Balanced regional development.
In the given case, the allocation of INR 700 crores for the construction of health infrastructure in the states of Karnataka, Orissa, and Bihar indicates the objective of balanced regional development in the government budget.
Balanced regional development aims to promote equitable development across different regions or states within a country. It involves allocating resources and investments to address regional disparities and ensure that all regions have access to necessary infrastructure, services, and opportunities for development.
By allocating funds specifically for the construction of health infrastructure in these states, the government is addressing the healthcare needs of these regions and promoting balanced development across different parts of the country.
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Question : Which objective of government budget is highlighted here? Budget is prepared with the objective of making various public sector industries provisions for managing and providing these enterprises with financial help.
Option 1: Management of public enterprises
Option 2: Economic growth
Option 3: Reducing regional disparities
Option 4: Employment generation
Question : Which objective of government budget is highlighted here? Development of infrastructure facilities enhances the production activity of different sectors of the economy. This implies a sustainable increase in the real GDP.
Question : Which objective of government budget is highlighted here? The taxation and government spending helps to Set up production unit in the economically backward areas.
Question : Which objective of government budget is highlighted here? Investment in infrastructure projects helps to create job opportunities for different sections of the society. In the urban areas various schemes like MNREGA, SJSRY, etc takes place.
Question : Which objective of government budget is highlighted here? Government provide tax rebate and incentives which stimulate savings and investment in the economy. This implies a sustainable increase in the real GDP.
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