Which of the following is a characteristic of the 'Universal Basic Services' proposal?
A. Only cash transfers without any public services
B. Only private provision of all services
C. Only targeted residual welfare
D. Public provision of a range of essential services free at the point of use as a complement or alternative to basic income
Answer: Option D
Solution (By JKSSB Mock Tests)
Universal basic services advocates the collective provision of a set of essential services—such as health, education, housing, transport and information—available to all citizens free or at low cost.
Explanation:
Issuing currency is the function of RBI. NABARD provides refinancing, promotes rural development and supervises cooperative banks and Regional Rural Banks.
Explanation:
Under perfect capital mobility and floating exchange rates, an expansionary monetary policy lowers interest rates, causes capital outflow and currency depreciation, which boosts net exports and output, making monetary policy highly effective.
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