Subject: Economics
Book: Comprehensive Indian Economy
Rising inequality can undermine social cohesion, limit mass consumer demand, and perpetuate poverty cycles. Factors include uneven distribution of assets, skill disparities, and growth concentrated in high-end services. Tools like the Gini coefficient measure inequality. Strategies to address it involve progressive taxation, social sector spending, and rural employment programs. Students should note how inequality interacts with caste, gender, and regional divides. Examiners often test knowledge on welfare economics, policy instruments (subsidies, direct transfers), and the trade-offs between rapid growth vs. equitable distribution. A balanced approach fosters stable socio-economic development.
What is a “repo rate”?
View QuestionWhich economic concept is described as “the next best alternative foregone”?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is “CRR” in banking terminology?
View QuestionWhich of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhich of the following is a characteristic of “perfect competition”?
View QuestionWhat is “inflation targeting”?
View QuestionWhich of the following is NOT part of the World Bank Group?
View QuestionWhat is “inclusive growth”?
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