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CUET Economics 2025 PYQs16 May Shift 1. Free, no login required.

Macro

past year questions, CUET Economics 2025 16 May Shift 1

Government Budget

past year questions, Macro, CUET Economics 2025 16 May Shift 1

Medium

Identify the objectives of government budget from the following.

(A) Opening bank accounts of people.

(B) Economic Stability.

(C) Increase the employment rate in the economy.

(D) Redistribution of income

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Option 1 -> Opening bank accounts is a financial inclusion initiative, not a direct objective of government budget.

Option 2 -> Includes (A) and (C) which are not primary budget objectives.

Option 3 -> Economic Stability and Redistribution of Income are core objectives of government budget.

Option 4 -> Employment increase is a macroeconomic goal, not a direct budget objective; excludes Economic Stability which is a key objective.

Hence, Option 3: (B) and (D) only -> The primary objectives of government budget include: (1) Reallocation of Resources, (2) Redistribution of Income and Wealth, (3) Economic Stability, and (4) Management of Public Enterprises. Economic Stability is achieved through fiscal policy measures to control inflation and maintain price stability. Redistribution of Income is accomplished through progressive taxation and welfare expenditure to reduce inequality. While employment generation and financial inclusion are important policy goals, they are not classified as direct objectives of the government budget. -> correct

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