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Question
The major objective of monetary policy is ______.
Options
Employment generation
Maintaining foreign relations
Price stability
Greater tax collection
Solution
The major objective of monetary policy is Price stability.
Explanation:
Monetary policy's primary aim is price stability. This means keeping prices steady over time by preventing deflation and keeping inflation in check.
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RELATED QUESTIONS
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Wealth tax is an example of:
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
Give an example of Indirect tax.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain the term Impact of a tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
