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प्रश्न
Explain clearly tour ways by which the state can promote economic growth and development.
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उत्तर
Role of State in Economic Development:
- The provision of economic infrastructure is mainly the government's responsibility, which is essential for economic development.
- Capital formation is an essential condition for economic development. The state can use its fiscal and monetary policy to generate resources for capital formation. In our country, public sector investment in industries and expenditure on infrastructure has led to huge capital formation.
- Basic and heavy goods industries require huge investment and have a long gestation period. The private sector is reluctant to invest in the development of these industries, but our government has established such industries.
- Economic development in India would be incomplete without agricultural development. The government can promote agricultural development by providing various facilities and incentives to the agricultural sector.
संबंधित प्रश्न
The essential feature of a tax.
Instrument of monetary policy is:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
Income tax
Which one is better progressive or regressive taxation and why?
Draw a neat labelled diagram for progressive taxation.
Three demerits of an Indirect tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
