FREE Bachelor of Commerce: Economics Questions and Answers
Issue The cost is what the government charges for food grains.
The issue you're describing involves the cost that the government charges for food grains to be supplied to ration shops. Ration shops, also known as public distribution system (PDS) outlets, are responsible for distributing essential food commodities to eligible beneficiaries at subsidized rates. The cost at which the government supplies food grains to these shops is a key factor in determining the prices at which these commodities are sold to consumers through the ration system. This helps ensure that essential food items are available to the population, particularly those with lower incomes, at affordable prices.
Which of the following statements about the Indian healthcare industry is false?
The statement "inadequate insurance coverage" is not false. Inadequate insurance coverage is indeed a challenge in the Indian healthcare industry. Many individuals in India do not have sufficient health insurance coverage, leading to limited financial protection against medical expenses. This lack of coverage is one of the issues that the Indian healthcare system aims to address in order to improve accessibility and affordability of healthcare services for all segments of the population.
India's agricultural prices are
India's agricultural prices are indeed "uncertain." The prices of agricultural products in India can be volatile and subject to fluctuations due to various factors such as weather conditions, market demand and supply dynamics, government policies, global commodity prices, and other external influences. This uncertainty in agricultural prices can impact the income and livelihoods of farmers and have broader implications for the agricultural sector and the economy as a whole.
Among the forms of tourism that preserves ecological variety
Among the forms of tourism that preserves ecological variety, "adventure tourism" is indeed one. Adventure tourism involves travelers exploring natural environments, engaging in outdoor activities, and experiencing nature-based adventures such as hiking, trekking, camping, rock climbing, and other adrenaline-inducing activities. This form of tourism often emphasizes responsible and sustainable practices to minimize negative impacts on the environment, making it conducive to preserving ecological variety and promoting the conservation of natural habitats.
One of the measures taken to increase the effectiveness of the public sector was
One of the measures taken to increase the effectiveness of the public sector was indeed "raising fresh equity from the market." This measure aimed to infuse capital into public sector enterprises by selling shares to the public through the stock market. By raising equity capital from the market, these enterprises could gain access to additional funds for investment, expansion, and modernization, which would potentially enhance their efficiency and competitiveness. This approach was part of the broader economic reforms aimed at improving the performance of the public sector in various countries.
The maximum FDI allowed via the automated route for all health-related services is
The maximum Foreign Direct Investment (FDI) allowed via the automated route for all health-related services is generally "1." Under the automated route, foreign investors can invest in certain sectors without requiring prior approval from the government. In the healthcare sector, the Indian government has allowed 1 FDI in various health-related services, subject to certain conditions and regulations. This policy is aimed at promoting investment and modernization in the healthcare industry while ensuring that appropriate standards and regulations are adhered to.
Price policy mostly has advantages
Price policies in agriculture, such as minimum support prices, can provide advantages for large farmers by offering income stability, encouraging investment, facilitating market access, and mitigating risks associated with price fluctuations. However, it's essential to carefully balance the benefits for different farmer segments and consider the broader economic and market implications when implementing such policies.
Which of the following aspects of the New Industrial Policy of 1991 wasn't present?
Among the aspects of the New Industrial Policy of 1991, the "setting up of new public sector enterprises" wasn't a prominent feature. In fact, one of the significant shifts in the policy was a move away from the earlier emphasis on public sector dominance and a focus on privatization, liberalization, and globalization. The New Industrial Policy of 1991 aimed to promote private sector participation, reduce government intervention, and create a more competitive and market-oriented economic environment. As a result, there was a shift from the setting up of new public sector enterprises towards encouraging private sector growth and investment.
Which of the following was a significant banking industry reform that was implemented in 1991?
The "introduction of prudential norms" was indeed a significant banking industry reform that was implemented in 1991. Prudential norms refer to a set of regulations and guidelines that banks and financial institutions are required to follow to ensure sound and prudent financial management. These norms cover various aspects such as capital adequacy, asset classification, provisioning for bad loans, and risk management.
Which of the following has the potential to expand in India's healthcare sector?
The "growing insurance market" does have the potential to expand in India's healthcare sector. As the insurance market grows, more individuals and families can access health insurance coverage, which can help mitigate the financial burden of medical expenses. This expansion can lead to increased healthcare affordability and accessibility for a larger portion of the population. As a result, the healthcare sector may witness improvements in healthcare utilization and services due to the broader availability of insurance coverage.
The healthcare sector consists of
The healthcare sector is a diverse and multifaceted industry that goes beyond health insurance. It includes healthcare providers, pharmaceuticals, medical equipment, research and development, biotechnology, public health services, alternative medicine, and various support services. The sector plays a crucial role in promoting and maintaining the health and well-being of individuals and communities through a wide range of activities and services.
Farmers are guaranteed a minimum support price.
The concept of guaranteeing farmers a minimum support price (MSP) is often referred to as a "floor price." The floor price is the minimum price at which the government commits to purchasing agricultural products from farmers to provide them with a certain level of income security. This minimum support price helps protect farmers from market fluctuations and ensures that they receive a reasonable return for their produce, even if market prices fall below a certain threshold. The floor price is an important policy tool used to stabilize agricultural incomes and support the agricultural sector.
Health insurance is provided by Rashtriya Swasthya Bima Yojana to
Health insurance is indeed provided by the Rashtriya Swasthya Bima Yojana (RSBY) to workers in the unorganized sector. RSBY is a government-sponsored health insurance scheme in India aimed at providing affordable healthcare coverage to individuals and families working in the informal or unorganized sector, including workers in jobs that lack formal social security benefits. The scheme offers cashless health insurance coverage for medical expenses and hospitalization, helping to mitigate financial burdens related to healthcare for those who may not have access to traditional employee benefits.
Which of the following doesn't describe a component of the tourism sector?
"Does not harm the natural environment" doesn't describe a component of the tourism sector accurately. While responsible and sustainable tourism practices aim to minimize negative impacts on the environment, it's not accurate to say that all components of the tourism sector inherently do not harm the natural environment. Some forms of tourism, especially those with high volumes of visitors or inadequate sustainability measures, can have negative effects on the environment. Sustainable tourism efforts are focused on mitigating these impacts and ensuring that the industry contributes to environmental conservation.
Agriculture price regulation is necessary to
Agriculture price regulation is sometimes considered necessary to "provide incentives to farmers." Price regulation in agriculture can help ensure that farmers receive fair and stable prices for their products, which can serve as an incentive for them to continue agricultural activities and invest in their farms. By providing reasonable and predictable prices, farmers are encouraged to produce more, adopt modern agricultural practices, and enhance productivity. However, the effectiveness of price regulation can depend on various factors and requires careful consideration of market dynamics and the interests of both farmers and consumers.
Fair price businesses safeguard the interests of
Fair price businesses indeed safeguard the interests of "poor consumers." Fair price businesses, often associated with fair trade practices or government-regulated pricing, aim to ensure that essential goods and services are available to consumers, particularly those with lower incomes, at reasonable and affordable prices. These businesses help prevent exploitation and price gouging, providing essential items at fair rates and contributing to the well-being of economically disadvantaged consumers.