Which of the following is a major objective of economic planning in a developing country?
A. Achieving higher growth with social justice and poverty reduction
B. Maximising inequality
C. Complete reliance on market forces without intervention
D. Only maximising exports without domestic development
Answer: Option A
Solution (By JKSSB Mock Tests)
Economic planning in developing countries typically aims at accelerating growth, reducing poverty, promoting equity and modernising the economic structure.
In the context of global economic governance, the 'Bridgetown Initiative' is associated with:
A.Only monetary-policy coordination among advanced economies
B.Only bilateral aid without systemic reform
C.Only trade liberalisation
D.Proposals to reform the international financial architecture to better address climate vulnerability and development needs of small and vulnerable states
Explanation:
The Bridgetown Initiative, championed by Barbados, calls for major reforms of the global financial system—including debt relief, new liquidity instruments and scaled-up climate finance—to meet the needs of climate-vulnerable developing countries.
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