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

Banking Sector in India

Revision Notes

Shadow Banking and NBFC Sector

Revision Notes

Ayushman Bharat and Healthcare Access

Revision Notes

Crypto Assets and Regulation in India

Revision Notes

Regional Rural Banks (RRBs) Reforms

Revision Notes

Five-Year Plans and Transition to New Planning Framework

Revision Notes

Migrants and Economic Development

Revision Notes

Employment Generation and Skill Development

Revision Notes

Aspirational Districts Programme (ADP)

Revision Notes

External Sector Overview

Revision Notes