Topic Details (Notes format)

Inclusive Growth and Development

Subject: Economics

Book: Comprehensive Indian Economy

Inclusive growth ensures benefits of economic expansion reach all segments—rural poor, women, marginalized communities. It blends macroeconomic stability with micro-level interventions like financial inclusion, SHG movements, and micro-insurance. Government’s role in primary health, education, and housing is critical. For exam readiness, study how expansions in credit, technology, and basic infrastructure can uplift under-served regions. Also highlight how targeted subsidy reforms or direct cash transfers reduce leakage. The ultimate goal is to create an environment where high growth coexists with social justice, bridging rural-urban, caste, and income divides.

Practice Questions

What is “quantitative easing”?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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Which of the following is NOT an example of a direct tax?

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What is a “repo rate”?

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Which of the following is a characteristic of “perfect competition”?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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What is the main purpose of monetary policy?

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Which of the following is an example of a non-renewable resource?

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

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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