Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
"Budget is reflection of the Economy" - Explain
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Answer
Budget is the reflection of the Economy. Through budget people knows about the economic policy to be adopted by the Government.
E.g. If Government reduces Direct tax and Excise and Octroi duty, this shows it gives motivation to Industries. In the same way if custom duty is decreased it means to give importance to liberalization.
If more investment is done in Agriculture and it related activities then encouragement is given to Agriculture that is the information which we acquire.
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