Which of the following are the major objectives of governments engaged in the budgetary process in India?
- Stabilising the level of aggregate demand in the economy
- Redistributing incomes of people as per constitutional principles
- Floating schemes to appeal to citizens in a democratic way on a regular basis
- Allocating funds to various economic activities
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Only a, b and d.
The major objectives of governments engaged in the budgetary process in India are only A, B, and D. This includes stabilising the level of aggregate demand to maintain economic balance, redistributing incomes as per constitutional principles to reduce inequality, and allocating funds to various economic activities to ensure development and efficient resource use. These goals reflect economic stability, social justice, and growth. Option C, floating schemes merely to appeal to citizens, is not considered a genuine budgetary objective.