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
Correct Answer: Reallocation of resources
Solution : Under allocation of resources Government imposes heavy taxation to discourage the consumption of harmful consumption goods like liquor, cigarettes, etc. It is a part of tax concessions or subsidies under allocation of resources. Hence Option A is correct.
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.
Question : Which objective of government budget is highlighted here? Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
Question : Which of the following is an example of positive economics?
Option 1: The government should invest more in renewable energy sources.
Option 2: Higher taxes on cigarettes will reduce smoking rates.
Option 3: Income inequality is a moral issue that needs to be addressed.
Option 4: Economic growth is essential for societal well-being.
Question : Gresham's law in economics relates to ___________.
Option 1: Supply and Demand
Option 2: Distribution of goods and services
Option 3: Consumption and Supply
Option 4: Circulation of currency
Question : Fill in the blank with the most appropriate word.
Ram loves maths_____ his sister is interested in Economics.
Option 1: therefore
Option 2: whereas
Option 3: whether
Option 4: still
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