Topic Details (Notes format)

Poverty Alleviation Measures

Subject: Economics

Book: Comprehensive Indian Economy

Poverty in India is multidimensional, influenced by low incomes, poor health, and limited education. Government initiatives include subsidized food via PDS, direct benefit transfers, and livelihood programs like MGNREGA. Over time, definitions and estimations have evolved, reflecting committees like the Tendulkar and Rangarajan panels. In exam contexts, clarity on rural vs. urban poverty lines, the effectiveness of social safety nets, and microfinance’s role in empowerment is key. Also examine how skill development, inclusive growth, and financial inclusion policies complement these measures to break the cycle of intergenerational poverty.

Practice Questions

What is the meaning of “disguised unemployment”?

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

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What does “Laissez-faire” policy advocate?

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What is meant by “marginal propensity to consume”?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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Which of the following is NOT a component of Aggregate Demand?

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

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What is meant by the term “current account deficit”?

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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 is the meaning of "fiscal deficit"?

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