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 the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhat does the term “capital account” refer to in the balance of payments?
View QuestionWhat does the term "depreciation" refer to in the context of assets?
View QuestionWhich of the following is an example of a renewable resource?
View QuestionWhich of the following sectors contributes the most to India’s GDP?
View QuestionWhat is the main purpose of monetary policy?
View QuestionWhich of the following best describes “capital formation”?
View QuestionWhich of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhat is meant by “structural unemployment”?
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