Which of the following is a characteristic of 'Libertarian Paternalism'? MCQ with Answer and Explanation

Which of the following is a characteristic of 'Libertarian Paternalism'?
A. The complete rejection of any paternalistic intervention
B. Only laissez-faire without any guidance
C. The design of policies that steer people toward better choices while preserving freedom of choice
D. The use of mandates that eliminate choice
Answer: Option C
Solution (By JKSSB Mock Tests)
Libertarian paternalism, the philosophical foundation of nudge theory, advocates interventions that improve welfare by guiding choices without restricting the set of available options.

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Practice More Economy Set 1 Questions

Question #1
The 'Gross National Product at market prices' equals GDP at market prices plus:
A. subsidies
B. indirect taxes
C. depreciation
D. net factor income from abroad

Correct Answer: Option D


Explanation:
GNP at market prices = GDP at market prices + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' collected by state governments is:
A. UTGST
B. CGST
C. IGST
D. SGST

Correct Answer: Option D


Explanation:
State governments collect SGST.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Brexit' refers to the exit of which country from the European Union?
A. France
B. Italy
C. United Kingdom
D. Germany

Correct Answer: Option C


Explanation:
Brexit refers to the United Kingdom's exit from the European Union.

This question belongs to: Economy GK Economy Set 1