Question : Which objective of government budget is highlighted here?
High amount of taxation is imposed on rich class and more welfare is given to poor.
 

Option 1: Reallocation of resources
 

Option 2: Reducing income inequalities
 

Option 3: Economic stability
 

Option 4: Economics growth
 

Question : Which objective of government budget is highlighted here?
Government imposes heavy taxation to discourage the consumption of harmful consumption goods like liquor, cigarettes, etc.
 

Option 1: Reallocation of resources
 

Option 2: Reducing income inequalities
 

Option 3: Economic stability
 

Option 4: Economics growth
 

Question : Which of the following is an example of positive economics?

Option 1: Increasing the minimum wage will reduce poverty rates.

Option 2: The government should prioritize environmental sustainability over economic growth.

Option 3: Free trade improves overall economic welfare.

Option 4: The distribution of wealth in society is unjust.

Question : Normative economics deals with:

Option 1: Economic data analysis

Option 2: Objective and value-free analysis

Option 3: Economic policies and ethical judgments

Option 4: Economic theories and models

Question : Which of the following statements is an example of positive economics?

Option 1: The government should regulate the banking sector to prevent financial crises.

Option 2: Tax cuts for corporations will stimulate economic growth.

Option 3: Wealth redistribution is necessary for a just society.

Option 4: Economic efficiency should be prioritized over equity.