The progressive taxation system seeks to achieve which of the following objectives of the government budget? Option 1: Reallocation of resources. Option 2: Economic Stability. Option 3: Balanced regional development. Option 4: Redistribution of income.

The answer is 'Redistribution of income.'. View full solution:

CUET Economics - The progressive taxation system seeks to achieve which of the following objectives of the government budget? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Macro

Easy

Reallocation of resources.

Economic Stability.

Balanced regional development.

Redistribution of income.

✅ Correct Option: 4

Related questions:

15 May Shift 1

Identify the correct statements from the following.

(A) Borrowings are non-debt creating capital receipt.

(B) Revenue deficit is same as borrowings of the government.

(D) The revenue deficit includes only such transactions that affect the current income and expenditure of the government.

Choose the correct answer from the options given below:

19th May Shift 2

Match the LIST-I with LIST-II

LIST-I (Budgetory transactions)	LIST-II (Components)
A. Wealth tax	I. Capital Expenditure
B. Sale of shares in Public Sector Undertakings	II. Revenue Receipts
C. Interest payments on debt by the government	III. Non-debt creating capital receipts
D. Loans and advances by the central government to state	IV. Revenue Expenditure

Choose the correct answer from the options given below:

3 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Annual financial statement	(I) Create liabilities or reduce financial assets.
(B) Capital receipts	(II) Trade surplus.
(C) Capital expenditure	(III) Main budget document.
(D) Export > Import	(IV) Create financial assets or reduce liabilities.

Choose the correct answer from the options given below: