Which of the following is a feature of 'Nudge' theory in behavioural public policy?
A. The use of choice architecture to steer people toward better decisions without restricting their freedom of choice
B. Only financial incentives
C. The use of mandates and bans only
D. The complete rejection of any behavioural interventions
Answer: Option A
Solution (By JKSSB Mock Tests)
A nudge is any aspect of choice architecture that alters people’s behaviour in a predictable way without forbidding any options or significantly changing economic incentives, as popularised by Thaler and Sunstein.
Explanation:
CPI is the Consumer Price Index, which measures changes in the price level of a basket of consumer goods and services. It is the primary measure targeted by RBI for inflation.
No comments yet. Be the first to start the discussion!