Question
Economics Question on Budget
Under the Union Budget 2022, Government during the budget announced to impose higher taxes on the people earning more than two crore rupees and use that money in providing LPG cylinder subsides to poor people under Ujjawala yojana. Which objective of Government budget is achieved?
A
Reallocation of resources and stability of income
B
Reallocation and redistribution of income and wealth
C
Reallocation and redistribution of income and wealth
D
Reducing inequalities in regions and maintaining economic stability
Answer
Reallocation and redistribution of income and wealth
Explanation
Solution
The correct option is (C): Reallocation and redistribution of income and wealth