SSC Sample Paper SSC (Group-C) Sample Test Paper-8

  • question_answer
    "Functional Finance" is associated with :

    A)  Adolph Wogner          

    B)  Adam Smith

    C)  Adams           

    D)       Abba 'P' Lemer  

    Correct Answer: D

    Solution :

     Functional finance is an economic theory proposed by Abba P. Lerner. based on effective demand principle and chartalism. It states that go eminent should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.


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