With increase in urbanization and industrialization, the role of Government started:

Related MCQs

• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• The role of Government would be highest in which of the following type of economy:
• The macroeconomic models that are most supportive of the role of government policy aimed at smoothing business cycles are
• An increase in injections into the economy may lead to:
• Government securities:
• The tax levied by the union government on income of individuals is known as
• Debt obligations of the government that have maturities of one year or less is normally called
• Expenditure incurred by the Government on building durable assets, like highways, multipurpose dams, irrigation projects are in the nature of
• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• The ratio of change in the national income in relation to the change in government spending that causes it is referred to as: