Question Details

Detailed explanation and options for the selected question.

What does “Laissez-faire” policy advocate?

A. Government control over industry
B. Minimal government interference in economic activities
C. Government subsidy to industries
D. State control over trade unions

Explanation:

Laissez-faire refers to minimal government interference in economic activities, promoting free-market principles. It does not involve subsidies, state control, or trade union intervention.

Related Topics

Digital Lending and Fintech Regulation

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes

Infrastructure Financing Mechanisms

Revision Notes

FDI, FPI, and Capital Inflows

Revision Notes

Semiconductor Manufacturing Initiative

Revision Notes

International Economic Institutions

Revision Notes

Shadow Banking and NBFC Sector

Revision Notes

Privatization and Disinvestment in India

Revision Notes

Social Sector Schemes and Welfare Programs

Revision Notes

Inflation and Price Stability

Revision Notes