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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Mobilization of resources and channelizing the same for productive investment is the primary purpose of
    1.  Expenditure    
    2. VAT
    3.  Taxation       
    4. CRR

    A) 1 only                          

    B) 2 only

    C) 3 only              

    D)        1, 2 and 4

    Correct Answer: C

    Solution :

    Taxation is used for mobilizing and channelizing resources for productive investment. It can also be used as a measure to promote equity and reduce disparities or to encourage or discourage consumption of particular items


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