Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
"Surplus budget is a barrier to Economic Development." - Explain.
✓
Answer
To frame surplus budget, Current Account Expenditure is shown more than Income. For this tax rate needs to be increased which hinder economic development.
On the other side expenditure is to be controlled, due to which less expenditure is done for Economic development for e.g. Reduction in the subsidy given to Electricity or Transportation and Communication, this hinders economic development because its rate increases.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.