SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Eliminating subsidies will eliminate the goal or equity
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Eliminating subsidies will increase the inequality between rich and poor farmers and violate the goal of equity.
Detailed explanation-2: -Some advantages of subsidies include inflation control and moderation of supply and demand, while disadvantages include a potential increase in taxes on citizens in subsidizing countries.
Detailed explanation-3: -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. It is a part of non-plan expenditure of the government.
There is 1 question to complete.