Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board.
Chapter 8 : Public Finance in India
Q.4.State with reason whether you agree or disagree with the following statement
2. Fines and penalties are a major source of revenue for the Government.
Options
Agree
Disagree
NO I Disagree with the above statement.
The government imposes fines and penalties on those who violate the laws of the country.
The objective of the imposition of fines and penalties is not to earn income, but to discourage the citizens from violating the laws framed by the Government.
For example, fines for violating traffic rules. However, the income from this source is small.
