NextQ50

(i) Define 'tax'. (ii) On the basis of the given image, identify and categorize two items into direct and indirect taxes. Gross Tax Revenue (FY23 BE) (pie chart) ``The government through its budgetary policy may intervene to expand or reduce demand in an economy.'' In the light of the given statement, discuss briefly the budgetary objectives the government is trying to achieve.

Meaning and Objectives of Government BudgetStudy Simplify SpecialPYQ1MCQ
Question 49

The budget in which government's total planned spending is equal to total planned revenue is referred to as __________ budget. (Choose the correct alternative to fill in the blank)

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