Which of the following is a feature of the 'Care Economy' agenda? MCQ with Answer and Explanation

Which of the following is a feature of the 'Care Economy' agenda?
A. Only the privatisation of all care services
B. Only the reduction of public support for care
C. Recognition of the economic and social value of paid and unpaid care work and policies to support its provision and quality
D. Only the neglect of care work as non-economic
Answer: Option C
Solution (By JKSSB Mock Tests)
The care-economy agenda highlights the central role of care work—both paid and unpaid—in sustaining societies and economies, and advocates policies that recognise, reduce and redistribute care responsibilities more equitably.

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Practice More Economy Set 1 Questions

Question #1
Tax Deduction at Source means:
A. the taxpayer pays tax after assessment
B. tax is paid by the employer after salary payment
C. tax is waived
D. the payer deducts tax at the time of payment and deposits it with the government

Correct Answer: Option D


Explanation:
TDS requires the payer to deduct tax at source and deposit it with the government.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'GST' regime in India has subsumed which of the following state taxes?
A. Entry tax
B. Wealth tax
C. Income tax
D. Customs duty

Correct Answer: Option A


Explanation:
GST subsumed state taxes like entry tax, purchase tax and VAT.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'monetary transmission mechanism' refers to:
A. the printing of new currency
B. the exchange of old currency notes
C. the transmission of money across banks
D. the process by which monetary policy changes affect output and inflation

Correct Answer: Option D


Explanation:
Monetary transmission is the process through which policy rate changes affect the real economy.

This question belongs to: Economy GK Economy Set 1