In the context of Indian economy, the concept of 'Inclusive Growth' emphasises:
A. Growth without any government intervention
B. Growth only in urban areas
C. Growth only in the industrial sector
D. Growth that benefits all sections of society
Answer: Option D
Solution (By JKSSB Mock Tests)
Inclusive growth refers to economic growth that creates opportunities for all segments of the population and distributes the benefits of prosperity more equitably.
Explanation:
India has achieved current account convertibility but maintains a managed and partial capital account convertibility with prudential controls on certain flows.
Explanation:
Tax incidence refers to the final resting place of the tax burden — who ultimately bears the economic burden of the tax after possible shifting.
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