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 measures is most effective in controlling inflation?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following is an example of a capital receipt for the government?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhich of the following is a direct tax?
View QuestionWhat is the meaning of “supply-side economics”?
View QuestionWhat is meant by “marginal propensity to consume”?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhat does “Laissez-faire” policy advocate?
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