Home › SBI PO › Financial Awareness › Government Budget › National defence, roads and government administr…
National defence, roads and government administration are examples of
Aprivate goods
Bcapital receipts
Ctransfer payments
Dpublic goods
Answer & Solution
Correct answer: D. public goods
1. The market cannot supply some goods through ordinary exchange.
2. Their benefits are available to everyone, not just one buyer.
3. Such goods are **public goods**, and the government provides them.
4. Clothes, cars and food are private goods, since one person's consumption excludes another's.
_Source: NCERT Class 12 Introductory Macroeconomics, Ch 5 "Government Budget and the Economy", section 5.1.1 Objectives of Government Budget_
Related questions
Net borrowing at home reaches commercial banks indirectly through which requirement?Under the excise structure described, which category bears the heaviest tax?Firms in India are taxed on which basis?From which budget did India stop showing the 'budget deficit' as a separate measure?A large revenue deficit as a share of fiscal deficit signals that borrowing is financing mA revenue deficit implies that the government isFiscal deficit can be written as revenue deficit plus capital expenditure minusWith revenue receipts at 9.2 per cent of GDP and revenue expenditure at 11.8 per cent, the