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In dealing with power sharing, which one of the following statements is not correct about democracy? a) In a democracy, if the power to decide is dispersed, it is not possible to take quick decisions and enforce them. b) In a democracy, due respect is given to diverse groups and views that exist in a society. c) In a democracy, people rule themselves through institutions of self-governance. d) People are the source of all political power.

Answer: The correct answer is option (a) - In a democracy, if the power to decide is dispersed, it is not possible to take quick decisions and... View Article

The government can achieve its budget objective of ‘redistribution of income’ by ___________? a) Rationalization of taxes in pro-poor direction b) Bringing the production of goods and services under its direct and absolute control c) Increasing the Gross Domestic Production (GDP) of the country. d) Managing the general price level in the economy to the desired level.

Answer: The correct answer is option (A) - Rationalization of taxes in pro-poor direction. Through progressive income taxation, the... View Article