Topic Details (Notes format)

Social Sector Schemes and Welfare Programs

Subject: Economics

Book: Comprehensive Indian Economy

India invests in social welfare to uplift marginalized groups and expand human capital. Flagship schemes focus on healthcare (Ayushman Bharat), sanitation (Swachh Bharat), nutrition (POSHAN Abhiyaan), and education (Sarva Shiksha Abhiyan). Direct Benefit Transfers reduce leakages, ensuring targeted subsidies. While these programs can drastically improve living standards, challenges remain in last-mile delivery, funding constraints, and bureaucratic complexities. For exam readiness, recognize the objectives, target beneficiaries, and implementing agencies of major welfare schemes. Also track outcomes measured by indices like HDI and MPI to assess the real impact.

Practice Questions

What is “fiscal stimulus”?

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Which of the following is considered a public good?

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What is “CRR” in banking terminology?

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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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Which of the following measures is most effective in controlling inflation?

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What is “open market operations” (OMO)?

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Which of the following is NOT an example of an indirect tax?

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What is the significance of “Purchasing Power Parity” (PPP)?

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What is meant by “marginal propensity to consume”?

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Which organization publishes the Human Development Index (HDI)?

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