Topic Details (Notes format)

Health Sector: Financing and Delivery

Subject: Economics

Book: Comprehensive Indian Economy

Public health spending in India lags behind global averages, leading to high out-of-pocket costs. Schemes like Ayushman Bharat attempt to expand coverage, but quality and accessibility in rural areas remain uneven. The private sector dominates tertiary care, sometimes resulting in high costs. Exam lines of inquiry include essential drug availability, the push for generic medicines, and the emerging telemedicine ecosystem. Understanding how nutrition, sanitation, and immunization tie into broader health outcomes is crucial. The pandemic underscored systemic vulnerabilities—like hospital bed shortages—spurring calls for higher public investment and better health infrastructure planning.

Practice Questions

Which economic concept is described as “the next best alternative foregone”?

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What is the term for the ability of an economy to produce more output from the same inputs?

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What is the main function of the Reserve Bank of India (RBI)?

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What is the objective of the Goods and Services Tax (GST)?

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What is the meaning of “disguised unemployment”?

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What is the term for the price at which demand and supply in a market are equal?

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What does “balance of trade” refer to?

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Which organization publishes the Human Development Index (HDI)?

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What is the main aim of the “Startup India” initiative?

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What is “CRR” in banking terminology?

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