A. An unconditional cash transfer paid regularly to all individuals regardless of employment status or income
B. Only targeted transfers to the poor conditional on work
C. Only unemployment insurance for the temporarily jobless
D. Only in-kind transfers
Answer: Option A
Solution (By JKSSB Mock Tests)
Universal basic income is a policy proposal under which every citizen receives a regular, unconditional sum of money from the government, irrespective of other income or employment status.
Explanation:
Repo rate is the rate at which the Reserve Bank of India lends money to commercial banks against government securities for short-term needs.
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