Subject: Economics
Book: Comprehensive Indian Economy
Cooperative federalism stresses collaborative relations between the Union and states, moving beyond rigid hierarchical structures. Institutions like the GST Council exemplify joint decisions on tax rates, fostering consensus-based reforms. Similarly, NITI Aayog hosts forums where states share best practices, aligning policies across sectors (health, education). For exam prep, highlight how effective federal coordination can tackle large-scale issues like water disputes (inter-state rivers), infrastructure connectivity, and investment promotion. Conversely, debates arise when central directions conflict with state autonomy. A nuanced answer shows how synergy or friction in federal relations shapes overall economic outcomes.
Which of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhich of the following factors is NOT included in the calculation of Human Development Index (HDI)?
View QuestionWhich of the following is NOT an example of a direct tax?
View QuestionWhat is the primary function of the International Monetary Fund (IMF)?
View QuestionWhat does the “Human Development Index” measure?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhat is “CRR” in banking terminology?
View QuestionWhat is “currency devaluation”?
View QuestionWhat is the main aim of Public Distribution System (PDS) in India?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
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