Development economics mainly studies A Weather and climate B Long-run welfare rise C Stock market tips D Daily price changes
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Chapter 15: Poverty, Unemployment & Inequality (Set-5)
When a poverty line is updated using a price index that poorly reflects poor households’ consumption basket, the poverty estimate
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A poverty estimate can fall even without real improvement if the poverty line is A Raised uniformly B Indexed to
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When poverty measurement changes from calorie norms to consumption-based baskets, the main purpose is to capture A Only food prices
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When poverty is calculated using consumption spending instead of income, the main reason is that income A Is always tax-free
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In economics, poverty is most commonly understood as a situation where a person A Has low savings B Lives in
Continue readingChapter 14: Indian Economy (Economic Reforms since 1991) (Set-5)
A major reform step to reduce government burden in running businesses was to promote A Full price controls B Closed
Continue readingChapter 14: Indian Economy (Economic Reforms since 1991) (Set-4)
If the exchange rate is kept fixed while allowing free capital flows, the policy that becomes hardest to control is
Continue readingChapter 14: Indian Economy (Economic Reforms since 1991) (Set-3)
In 1991, the immediate trigger that pushed India toward reforms was largely a shortage of A Domestic food grains B
Continue readingChapter 14: Indian Economy (Economic Reforms since 1991) (Set-2)
In the early 1990s reform phase, “stabilization” policies mainly focused on A Expanding subsidies rapidly B Increasing import bans C
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