GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Subsidies mean
|
|
payment by government for purchase of goods and services
|
|
|
payment made by business enterprises to factors of production
|
|
|
payment made by companies to shareholders
|
|
|
payment made by the government to business enterprises, without buying any goods and services
|
Explanation:
Detailed explanation-1: -Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. Description: The objective of subsidy is to bolster the welfare of the society.
Detailed explanation-2: -Subsidies mean: payment by government for purchase of goods and services. payment made by business enterprises to factors of production. payment made by companies to shareholders.
Detailed explanation-3: -Subsidy is a payment that a. government makes to a producer to supplement the market price of a commodity.
There is 1 question to complete.