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CUET Economics 2025 PYQs2 June Shift 1. Free, no login required.

Macro

past year questions, CUET Economics 2025 2 June Shift 1

Government Budget

past year questions, Macro, CUET Economics 2025 2 June Shift 1

Medium

Which of the following are the functions of Government Budget?

(A) Restriction.

(B) Allocation.

(C) Redistribution.

(D) Stabilisation.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Option 1 -> Includes 'Restriction' which is not a recognized function of Government Budget.

Option 2 -> Includes Allocation, Redistribution, and Stabilisation - the three primary functions of Government Budget.

Option 3 -> Includes 'Restriction' which is not a standard function of Government Budget.

Option 4 -> Includes 'Restriction' which is not a recognized function of Government Budget.

Hence, Option 2: (B), (C) and (D) only -> The Government Budget has three main functions: (1) Allocation Function - allocating resources efficiently among different sectors like education, defense, healthcare; (2) Redistribution Function - reducing income inequalities through progressive taxation and welfare schemes; (3) Stabilisation Function - maintaining economic stability by controlling inflation, unemployment, and promoting growth through fiscal policy. 'Restriction' is not a primary function of Government Budget. -> correct

Related questions:

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2023: 29 May Shift 2

From the following data, Calculate Primary Deficit.

Rs (crore)
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2023: 28 May Shift 2

One kind of deficit in the annual Budget will have to be financed through borrowings. It indicates the total borrowing requirements of the government from all sources it is known as :

2023: 28 May Shift 2

Revenue Receipts in the government budget include :

(A) Government Borrowings

(B) Tax Revenue

(C) Interest receipts on loans by government

(D) Dividends earned by government on its investment

Choose the correct answer from the options given below :

2026: 13 May Shift 1

Expenditures of the government which result in creation of physical or financial assets or reduction in financial liabilities is known as:

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