Which of the following is a major challenge for the Indian economy?
A. Absence of informal sector
B. Complete self-sufficiency in all goods
C. High level of human development across all states equally
D. Regional disparities and unemployment
Answer: Option D
Solution (By JKSSB Mock Tests)
Regional disparities in development and persistent unemployment (especially youth and disguised unemployment) remain significant challenges for the Indian economy.
Explanation:
Empirical evidence often shows that currencies with high interest rates tend to appreciate, contrary to the prediction of uncovered interest parity that they should depreciate; this is known as the forward-premium puzzle.
Explanation:
Monopolistic competition is characterised by product differentiation, a large number of firms, free entry and exit, and significant selling costs.
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