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State with reason whether you agree or disagree with the following statement: Obligatory function is the only function of the Government. - Economics

Answer in Brief

State with reason whether you agree or disagree with the following statement:

Obligatory function is the only function of the Government.

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Solution

I disagree with the above statement.

Reason:

  1. Government is a formal or informal institution created by the people in a specific region to perform various functions
  2. The functions of the government can be classified as obligatory functions and optional functions.
  3. The obligatory functions include protection from external attacks, maintaining internal law and order, etc.
  4. The optional functions include the provision of education and health services, provision of social security like pensions and other welfare measures, etc.
  5. Hence, obligatory function is not the only function of the government.
Concept: Public Finance in India
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 8 Public Finance in India
Exercise | Q 3. (1) | Page 80
SCERT Maharashtra Question Bank 12th Standard HSC Economics Maharashtra State Board 2021
Chapter 8 Public Finance in India
State with reasons whether you agree or disagree with the following statements | Q 1
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