Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

Which of the following indicates the role of a Capitalist 'State'?

a. Framing laws

b. Delivering justice

c. Undertaking production

d. Imposing taxes

e. Spending money on building public infrastructure

Options:

a,b,c

a,c,e

a, b, d, e

a, b,c,d,e

Correct Answer:

a, b, d, e

Explanation:

The correct answer is option 3: a, b, d, e

Here's the breakdown:

  • Framing laws (a): Legislation is a primary function of the state, enabling it to establish and enforce rules and regulations governing society.

  • Delivering justice (b): Ensuring fair and impartial administration of justice is another core responsibility of the state, typically through the judicial system.

  • Imposing taxes (d): Taxation is a means through which the state generates revenue to finance its activities and provide public goods and services.

  • Spending money on building public infrastructure (e): The state often invests in infrastructure projects such as roads, bridges, schools, and hospitals to promote economic development and improve the quality of life for its citizens.

Undertaking production: This is generally not a primary role of a capitalist state. In a capitalist economy, production is largely driven by private enterprises. A capitalist state acts as a regulator, not a producer.