Indian Fiscal System Questions and Answers for Competitive Exams

Question

An increase in per capita income is not an indication of an increase in the economic welfare of the people

A When such increase is the result of an increased production of comforts
B When such increase is the result of an increase in agricultural production
C When it is the result of an increase in the production of industrial goods
D When such increase is the result of an increased production of intoxicants

Answer & Explanation

Answer: Option [D]

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