Advertisements
Advertisements
Question
State with reason whether you agree or disagree with the following statement:
Public finance is more elastic than private finance.
Solution
I agree with the above statement.
Reason:
- Public finance aims to offer the maximum social advantage to society while private finance aims to fulfill private interests.
- There is not much scope for changes in private finance.
- On the other hand, the government determines the volume and different ways of its expenditure based on the need for an hour.
- The government can also print notes through the Reserve Bank of India.
- Hence, public finance is more elastic than private finance, i.e., the extent of public expenditure can be varied as per the needs.
RELATED QUESTIONS
Optional functions of government:
- Protection from external attack
- Provision of education and health services
- Provision of social security measures
- Collection of tax
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Distinguish between the following concepts:
Public finance and Private Finance
Read the given passage and answer the questions:
|
The conventional notion of social security is that the government would make periodic payments to look after people in their old age, ill health, disability, and poverty. This idea should itself change from writing a cheque for the beneficiary to institutional arrangements to take care of beneficiaries, including by enabling them to look after themselves, to a large extent. The write-a-cheque model of social security is a legacy from the rich world at the optimal phase of its demographic transition when the working population was numeral enough and earning enough to generate the taxes to pay for the care of those not working. This model is ill-suited for less, well-off India with growing life expectancy, increasing urbanization, and resultant migration. Social security under urbanization will be different from social security in a static society. |
- State the conventional notion of social security.
- What kind of conceptual change is suggested in the given paragraph?
- What is the legacy of social security from the rich world?
- Which features of India make the traditional model of social security ill-suited for the economy?
______: Protection from external attacks :: Optional function : Provision of social security
Find the odd word
Optional functions of Government -
Identify the right group of pairs from the given options.
| Group A | Group B |
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
| v) Deficit Budget | (e) Non-tax revenue |
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Optional functions of Government :
- Protection from external attack
- Provision of education and health services
- Provision of social security measures
- Collection of tax
State with reason whether you agree or disagree with the following statement.
Obligatory function is the only function of the Government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
State with reason whether you agree or disagree with the following statement:
Obligatory function is the only function of the Government.
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Government.
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reason whether you agree or disagree with the following statement.
Obligatory function is the only function of the Government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
