Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2013 Mains or browse the complete PYQ collection.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
More Economy questions
From across UPSC, JKPSC, and JKSSB papers — same subject, different years.
Elucidate the importance of buffer stocks for stabilizing agricultural prices in India. What are the challenges associated with the stora...
Consider the following statements:
Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasur...
In 2016, Government of India announced a demonetisation of high denomination notes. What was the previous year of demonetisation?
Consider the following statements regarding Sovereign Bonds:1. A sovereign bond is a specific debt instrument issued by the government in...
Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages shortsightedness and contributes to the...