Advertisements
Advertisements
प्रश्न
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
संक्षेप में उत्तर
Advertisements
उत्तर
- Industrialisation is a process of growth and expansion of industries in a country. The government can come forward for the establishment of basic industries (e.g. steel industry, heavy chemical industry) which are generally not taken up by the private investor for want of risks and huge investments.
- The state can also provide various inputs at subsidised prices to encourage private investment in industries.
- The government can provide relief to certain industries in the shape of lowering the taxes so that they could compete with foreign industries.
shaalaa.com
Role of State in Economic Development
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: The State and Economic Development - QUESTIONS [पृष्ठ १६७]
APPEARS IN
संबंधित प्रश्न
The essential feature of a tax.
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 ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
The major objective of monetary policy is ______.
Define fiscal policy.
Name any two instruments of Fiscal Policy.
State the difference between income tax and expenditure tax.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain the term Impact of a tax.
Explain briefly two merits of indirect tax.
