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Question
Subsidies are ______.
Options
Taxes imposed by the Government.
Surcharges on the non-ecofriendly products.
Financial aid given by a government.
Fine imposed by government on act committed against the law.
MCQ
Fill in the Blanks
Solution
Subsidies are financial aid given by a government.
Explanation:
Subsidies refer to financial assistance provided by the government to specific industries, sectors, or individuals to support their activities, reduce costs, or achieve certain policy objectives. These subsidies can take various forms, such as direct cash payments, tax breaks, or reduced interest rates on loans.
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