Match the LIST-I with LIST-II, LIST-I (Budgetary theory), LIST-II (Consequence/implication), A. Redistribution objective, I. Public provision, B. Allocation Function, II. Government spending more than revenue, C. Budget deficit, III. Intervention to change aggregate demand, D. Stabilization Function, IV. Progressive income taxation, Choose the correct answer from the options given below:

Question

Match the LIST-I with LIST-II | LIST-I (Budgetary theory) | LIST-II (Consequence/implication) | |---|---| | A. Redistribution objective | I. Public provision | | B. Allocation Function | II. Government spending more than revenue | | C. Budget deficit | III. Intervention to change aggregate demand | | D. Stabilization Function | IV. Progressive income taxation | Choose the correct answer from the options given below:

Accepted Answer

A-IV, B-I, C-II, D-III

Answer

A-I, B-IV, C-III, D-II

Answer

A-IV, B-II, C-I, D-III

Answer

A-II, B-I, C-III, D-IV

LIST I	LIST II
A. Revenue Receipt	I. Increase in Liability
B. Capital Receipt	II. Do not increase in Asset
C. Revenue Expenditure	III. Increase in Asset
D. Capital Expenditure	IV. Do not increase Liability

LIST-I (Budgetary theory)	LIST-II (Consequence/implication)
A. Redistribution objective	I. Public provision
B. Allocation Function	II. Government spending more than revenue
C. Budget deficit	III. Intervention to change aggregate demand
D. Stabilization Function	IV. Progressive income taxation

Solution

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