Q.

Subsidies are payment by government to –

A. Consuming units
B. Producing units
C. Banking units
D. Retired persons
Answer» B. Producing units
Explanation: A subsidy is essentially a payment by the government to suppliers/producers that reduce their costs of production and encourages them to increase output.
1.2k
0
Do you find this helpful?
1

View all MCQs in

Economics (GK)

Discussion

No comments yet