Question
Mobilization of resources and channelizing the same for productive investment is the primary purpose of
- Expenditure
- VAT
- Taxation
- CRR
Answer: Option B
Answer: (b)Taxation is used for mobilizing and channelizing resources for productive investment. It can also be used as a measure to promote equity and reduce disparities or to encourage or discourage consumption of particular items
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Answer: (b)Taxation is used for mobilizing and channelizing resources for productive investment. It can also be used as a measure to promote equity and reduce disparities or to encourage or discourage consumption of particular items
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